S&P 500, Hang Seng Weekly Open: Vaccine Rollout and Stimulus Buoy Sentiment
S&P 500, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:
Asia-Pacific markets kicked off the week with an upbeat tone, “range-bound” conditions set to continue
Brexit talks deadline extended, offering temporary relief to investors despite little progress
Traders await the FOMC meeting and a string of central bank interest rate decisions later this week
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Brexit, Vaccines, Central Banks, Asia-Pacific Stocks Weekly Outlook:
Asia-Pacific stocks kicked off the week with a upbeat tone after the EU and the UK agreed to extend the Brexit talks deadline. The FDA has approved Pfizer’s vaccine for emergency use. US equity futures opened around half a percent higher, leading the Nikkei 225, ASX 200 and Hang Seng Index to trade higher.
Nasdaq 100 Falls Most In a Month, Nikkei 225 and Hang Seng May Drop
NASDAQ 100, NIKKEI 225, HANG SENG INDEX OUTLOOK:
APAC stocks retreated, tech shares dragged the Wall Street benchmarks lower
US stimulus talks faced deadlock over a business liability shield and aid to state and local governments
The US Dollar strengthened, risking further pullback in risk assets and metals. ECB meeting in focus
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Tech Pullback, US Relief Package, ECB Interest Rate Decision, Asia-Pacific at Open:
The Nasdaq 100 index tumbled 2.1% overnight as stalling US stimulus talks and a seemingly smooth rollout of coronavirus vaccines encouraged profit-taking activity in the tech sector. The Dow Jones and S&P 500 index registered relatively small losses, both falling from their record highs. The negotiation between Republicans and Democrats over the fiscal bill faced deadlock over a business liability shield and aid to state and local governments. Traders are perhaps taking this opportunity to