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Generally Higher To Start The Week

EQUITIES

Some pressure on the USD, generally upbeat Brexit mood music, solid South Korean trade data and focus on the more upbeat vaccine news (with the potential for another positive development on that front in the coming days, via the AstraZeneca trial) combined to support most of the regional equity markets during the first Asia-Pac session of the week, with liquidity thinned on the back of a holiday in Tokyo.

  • Some also chose to look to the potential for the Fed to adjust its monetary policy in December, with a focus on the WAM of its Tsy purchases.
  • Some local COVID worry seemingly resulted in pressure on the Hang Seng.
  • E-minis ultimately moved higher after edging lower at the re-open.
  • Nikkei 225 closed, Hang Seng -0.2%, CSI 300 +0.9%, ASX 200 +0.5%.
  • S&P 500 futures +12, DJIA futures +105, NASDAQ 100 futures +46.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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