A sour lead from Wall Street may set a downbeat tone for Asia-Pacific markets on Monday against the backdrop of a strengthening US Dollar. Investors are anticipating a strong Chinese Q4 GDP figure .
Dow Jones Climbs on Democratic Sweep, Nikkei 225 and ASX 200 Open Higher
DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Dow Jones surged 1.44% on likely Democratic sweep runoff election results
Materials, financials and energy sectors were gaining, while tech falling. Bitcoin surpasses $36k
ASX 200, Nikkei 225 indexes rise following a strong US lead despite chaos in the Capitol
Georgia Runoffs, Protests, Dow Jones, Asia-Pacific at Open:
A likely Democratic sweep in Georgia’s Senate runoff elections led to a diverging sectoral pattern on Wall Street overnight, as market participants attempted to price in more aggressive fiscal and infrastructure spending under the Biden Administration. With Democrats likely in control of both Congress and the White House, materials, financials and energy sectors outperformed, sending the Dow Jones index 1.44% higher. On the other hand, Nasdaq 100 fell 1.4% as tech giants may face even more scrutiny from US lawmakers and a potential increase in
ASX 200, Hang Seng May Ride the Brexit Tailwind as Dow Drifts Higher
DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Concerns remain on the signing of US stimulus bill and potential wider spread of new viral strain
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A cyclical-led session on Wall Street may hint at a moderate ‘risk on’ trading for Asia-Pacific markets, with equity futures across Japan, Hong Kong, Australia, South Korea and Singapore pointing to gains. Australia’s ASX 200 index opened 0.6% higher as rising metal prices gave its energy (2.22%) and material (+1.10%) sectors a boost. The Australian market will be shut on Friday and next Monday before resuming trading on Tuesday.
Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall
DOW JONES, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Asia-Pacific markets opened mixed after Wall Street stocks erased deep intra-day losses, the USD fell
Brexit talks remain the top event risk after the US moves closer to pass a stimulus and spending bill
Financials sector shares soared as the Fed gave banks the green light to resume share buybacks Advertisement
Wall Street, Brexit Talks, Banking, Asia-Pacific Stocks Outlook:
Last night investors saw a rollercoaster trading session for equities, forex and commodities as risk assets pared deep intra-day losses while the US Dollar erased significant gains. The wild market moves overnight were perhaps owing to both stretched market valuations and thin liquidity conditions, which can exacerbate market movements even with a small catalyst. Besides, still rapidly climbing coronavirus cases and the resulting lockdown measures serve to suppress risk app