Higher For A Second Day

Equity markets in the Asia-Pac region have posted gains on Tuesday, taking a positive lead from the US where major indices hit fresh record highs. Technology stocks were the drivers of gains in Asia which helped bourses in Hong Kong, Japan, China, South Korea and Taiwan higher. In China comments from the PBOC yesterday that the Central Bank would increase credit support to the economy and SME's in particular also helped engender a positive risk environment. In the US futures are higher, markets continue to assess full approval for the Pfizer-BioNTech vaccine while awaiting the Fed's annual Jackson Hole Economic Symposium, with commentary from FOMC Chair Powell on Friday headlining that (now virtual) event.