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The major Asia-Pac equity benchmarks.......>

EQUITIES
EQUITIES: The major Asia-Pac equity benchmarks moved higher on Thursday as focus
remained on the broader trend of U.S. economic data and positive developments on
the COVID-19 vaccine front, which hit on Wednesday, outweighing any sense of
virus-induced worry.
- The Hang Seng outperformed as Hong Kong returned from a one day holiday, with
a strong showing for Australia's ASX 200, as the latter saw the real estate and
IT sectors lead the way higher.
- Equity markets continue to look through the bubbling Sino-U.S. tensions, with
regional participants pointing to the release of the Fed minutes/preferences for
deeper forward guidance (of some sort) as a supportive factor, even as
disagreement re: YCC remains evident within the FOMC.
- Worth noting that McDonald's became the latest big U.S. corporate name to push
back its re-opening plans. U.S. equity index futures lacked conviction ahead of
NFPs and an elongated holiday weekend.
- Nikkei 225 +0.7%, Hang Seng +1.6%, CSI 300 +1.0%, ASX 200 +1.5%.
- S&P 500 futures +7, DJIA futures +77, NASDAQ 100 futures +29.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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