· Stocks and oil soar, dollar sinks as stimulus beckons
Stocks scaled record heights, the dollar plumbed two-year lows and oil prices hit their strongest since March on Thursday, as monetary support and the hope of fiscal stimulus in the United States put traders in a festive mood.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% to an all-time high. Japan’s Nikkei rose 0.3% to sit just shy of a 29-year peak. [.T]
· Japan shares end higher on U.S. stimulus hopes, dovish Fed
Japanese shares closed higher for a second straight session on Thursday as expectations for further U.S. economic stimulus and a pledge of support from the Federal Reserve lifted sentiment.
The Nikkei 225 Index closed up 0.18% at 26,806.67, reversing losses from morning trade. The broader Topix rose 0.32% to 1,792.58.
Some traders were slightly cautious as Japan grapples with a third wave of infections, but positive developments in the United States offered support.
· Shares in Asia-Pacific were mostly higher on Thursday as investors reacted to the latest announcements from the U.S. Federal Reserve.
Mainland Chinese stocks closed higher, with the Shanghai composite jumping 1.13% to 3,404.87 and the Shenzhen component advancing 1.009% to 13,889.87. The Hang Seng index in Hong Kong rose about 0.4%, as of its final hour of trading.
· China rental company’s shares have cratered 76% this year as the shine of debt-fueled growth fades
· European markets open higher following U.S. Fed commitment to support economy
European stocks opened in positive territory on Thursday as traders react positively to comments from the U.S. Federal Reserve that it will continue to support the economy.
The pan-European Stoxx 600 climbed 0.6% in early trade, basic resources adding 1.4% to lead gains as all sectors and major bourses advanced.
Reference: CNBC, Reuters
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