Asian stocks hit record highs due to vaccine virus fears




FILE PHOTO: A woman wearing protective masks, after an outbreak of coronovirus disease (COVID-19), passes through a screen showing the Nikkei index outside a brokerage on November 5, 2020 in Tokyo, Japan. REUTERS / Kim Kyung-Hoon

Middle East and Africa

Tom westbrook




SYDNEY (Reuters) – Asian stocks reached a record high on Monday as vaccine optimism and strong economic data from China and Japan expressed concern about rising cases of coronovirus, picking up about every region.

MSCI has the largest Asia-Pacific index outside Japan
.MIAPJ0000PUS
Since its launch in 1987, the region gained 1% to create market peaks.

Nikkei of japan
.N225
Traded at a high level of 29 years, South Korea’s Kospi
.KS11
Its highest in early 2018 and Australia’s ASX 200
.AXJO
At the peak of an eight month in the morning, before a messed-up business. [.T][.KS][.AX]

S&P 500 Futures
ESc1
Nasdaq 100 futures up nearly 0.6% on Friday’s record
NQc1
1% daub and European futures rose strongly with EuroSTOXX 50 futures
STXEc1
0.8% and FTSE futures
FFIC1
Up to half a percent.

Kyle Rodda said, “There are just mountains of cash waiting to work and ever since we got this vaccine news, as well as reduced risk in the US elections, it’s all flying into equity.” , “Analyst in IG market. “Everyone is thinking now that this is the cue to go in.”

Inflation and commodity markets were slightly over-stimulated, but the dollar traded down after the fall on Friday and oil prices fell. [FRX/][O/R]

Japanese economic growth, which beat records and forecasts to get the world’s third-largest economy out of recession, added to the upbeat mood, with hopes of better industrial production in China, as did a weekend trade deal.

Highlighting the expansion, 15 Asia-Pacific economies, including China and Japan, but agreed to reduce future tariffs at a time of increasing protectionism elsewhere, excluding the United States.

Have to be careful

Flow-driven gains came despite a number of reasons for concern. US President Donald is digging for a transition designed for President-Elect Joe Biden.

Axios reported that Trump planned an aggressive policy move against China in the coming 10 weeks.

Coronavirus cases are increasing in Europe and America and new outbreaks have occurred in South Korea, Japan and Australia. Brexit talks are again at a delicate crossroads.

A wave of state-owned enterprise defaults in China has also shaken mainland bond investors.

Some of these fears halted the money market move and left oil, a disguise for global growth, as traders below the peaks of last week cut traders for a cold winter ahead.

Vivek Dhar, Commodity Analyst of the Commonwealth Bank of Australia, said “there is a threat of even more strict restrictions to prevent the spread of the virus.” “Oil demand is particularly exposed to restrictions that limit mobility since transportation accounts for two-thirds of global oil consumption.”

On the Brexit front, the departure of Downing Street hardline adviser Dominic Cummings is seen as a positive, perhaps allowing for more British concessions, but chief negotiator David Frost said on Twitter that the talks “could not succeed” .

Sterling crepe higher against dollar
GBP =
And euro
EURGBP =
. Simple currency
Euro =
Rose 0.1% to $ 1.1848 against the dollar.

Kiwi
NZD = D3
Reserve Bank of Australia Governor Philip Lowe tasted the rose at 0.5% to $ 0.6883 after a week of speeches and key figures from the Australian Bank of the Central Bank, starting at 0840 GMT.

This week, the US Federal Reserve speakers also have a sleepover, which began in 1900 GMT with Vice Chairman Richard Clarida.

The bonds, which sold strongly on vaccine news last week, were stable on Friday with yields on the benchmark on 10-year debt.
US10YT = RR
At 0.8930%, down from last week’s high of 0.97%. [US/]

Brent crude futures increase oil prices
LCOc1
Up 0.7% at $ 0.7.08 per barrel but down from last week’s two-month high of $ 45.30. US crude
CLc1
Up 1% to $ 40.55 per barrel. [O/R]

Gold
XAU =
Rose 0.4% to $ 1,896 an ounce. [GOL/]

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