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Asian shares rise as U.S. stimulus plans offset virus woes

4 Min Read
SYDNEY (Reuters) - Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy.
FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon
Global equity markets have scaled record highs in recent days on bets COVID vaccines will start to reduce the inflection rates worldwide and on a stronger U.S. economic recovery under President Joe Biden.
Still, investors are also wary about towering valuations amid questions over the efficiency of the vaccines in curbing the pandemic and as U.S.lawmakers continue to debate a coronavirus aid package. ....

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Asian shares rise as US stimulus plans offset virus woes, delayed vaccines

By Swati Pandey
SYDNEY (Reuters) - Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy.
Global equity markets have scaled record highs in recent days on bets COVID vaccines will start to reduce the inflection rates worldwide and on a stronger U.S. economic recovery under President Joe Biden.
Still, investors are also wary about towering valuations amid questions over the efficiency of the vaccines in curbing the pandemic and as U.S.lawmakers continue to debate a coronavirus aid package. ....

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European, Asian stock remain firm on US stimulus cheer

European, Asian stocks remain firm on US stimulus cheer
28 Dec 2020
Gulf Today Report

The benchmark European stock index jumped 0.5%, its highest since Feb. 26. In Paris, the CAC 40 index rose 0.72 per cent to 5,562.04 points while in Germany, the Frankfurt DAX put on 1.26 per cent to a record 13,758.48 points.

Stephen Innes, Chief Global Markets Strategist at Axi said: with the Brexit argy-bargy and the US stimulus deal now in the rear-view mirror, there is a sense of relief that we have avoided the respective worst-case scenarios, so we can start to narrow our focus for 2021.

According to analyst Timo Emden, the market is breathing a sigh of relief following the Brexit deal. ....

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European Stock Markets Firmer on Trump, Brexit Leads

European Stock Markets Firmer on Trump, Brexit Leads
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