Coronavirus relief, postures and oils


SINGAPORE – Stocks in Japan were set to trade in the open on Tuesday as investors awaited comment from Treasury Secretary Janet Yellen, the nominee for US President-Elect Joe Biden.

Futures indicated more openness for Japanese stocks. The Nikkei futures contract in Chicago stood at 28,380 while its counterpart in Osaka was 28,320. It closed at 28,242.21 compared to Nikkei 225 last time.

The share in Australia was high with the S&P / ASX 200 opening in early trade at 28,242.21.

Former Federal Reserve chairman Yellen is set to tell the Senate Finance Committee on Tuesday that the government should “do a big job” with its next Kovid relief package, according to Reuters, with initial statements prepared for its hearing before the committee Was cited.

On the coronavirus virus front, the head of the World Health Organization on Monday warned of “catastrophic moral failure” due to improper vaccine rollout.

The market states for the holiday were closed on Monday.

Currencies

The US Dollar Index, which tracks the greenback against a basket of its peers, stood at 90.779 – a then-high level seen below 90.4 last week.

The Japanese yen was at 103.68 per dollar, still above 104.1 against the greenback seen in the previous trading week. The Australian dollar changed hands at $ 0.7682, with levels above $ 0.775 seen last weekend.

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