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Free AccessAsia Stocks Gain After Another Day Of Record Highs In US Markets
Most indices in the Asia-Pac region are higher, following another positive lead from the US where major indices hit record highs. The mood is broadly positive with risk assets supported as the US inches towards a bumper stimulus plan.
- Equity markets in Japan and Australia were the exception, both in minor negative territory at the time of writing following a sharp move higher yesterday. Volumes across Asia-Pac have been thin as head into LNY holidays; several markets are closed today with others closed or having truncated session's tomorrow.
- Higher oil is helping to support the energy sector across markets in Asia, the rally continues with brent now consolidating above $60/bbl.
- In the US equity futures are hovering around neutral levels, holding yesterday's gains.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.