Asian markets witness jump fuelled by vaccine, US stimulus hopes
December 1, 2020
Finance

Asian markets witness jump fuelled by vaccine, US stimulus hopes

SYDNEY (AUSTRALIA) – On Monday, Asian markets showed an advance toward a recent 2-1/2-year peak fuelled by hopes of a US stimulus package and a coronavirus vaccine by the end of this year.

The pan-region Euro Stoxx 50 futures added 0.25% while German DAX futures were slightly higher and London’s FTSE futures were down 0.07% in early European trades.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.5% for the second consecutive day of gains, paring back slightly after third-quarter gross domestic product (GDP) data from China.

In eight of the 10 sessions, the index has risen amid a rally in risk assets fuelled by the hopes of a coronavirus vaccine and expectations of a so-called “blue wave”, which would see the Democrats win the presidential race.

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