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Kiwi extends gains


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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.

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