· Stocks recover from 4-week lows as focus switches back to post-pandemic growth
European stocks looked set to build on gains in Asian markets as EuroSTOXX 50 futures rose 0.4% and FTSE futures were up 0.3%.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) advanced 0.4%, moving above Monday's four-week lows and notching a 4% gain so far this year.
· China stocks close higher as banking, energy firms climb
China stocks ended higher on Tuesday, as banking stocks gained after Beijing’s reform measures and energy stocks were lifted by higher oil prices.
However, weakness in digital currency-related firms due to regulatory curbs capped gains in the region.
The blue-chip CSI300 index rose 0.6% to 5,122.16, while the Shanghai Composite Index closed up 0.8% at 3,557.41.
Leading gains, the CSI300 banks index rose 1.6% as investors cheered the government’s latest reform measures for the sector, while the CSI300 energy index climbed 2.3% on oil strength.
· Japan stocks higher at close of trade; Nikkei 225 up 3.12%
Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.
· Sensex surpasses 53,000-mark as COVID-19 vaccinations surge
A record daily surge in COVID-19 vaccinations powered India’s benchmark stock index on Tuesday past the 53,000-level for the first time ever, with the blue-chip Nifty 50 also hovering close to its all-time high.
The S&P BSE Sensex was up 0.82% at 53,013.20 by 0509 GMT, while the NSE Nifty 50 index rose 0.87% to 15,883.95.
India administered a record 8.3 million vaccine doses on Monday under a federal campaign to inoculate all adults for free. Experts have said widespread vaccination remains one of the best tools to avoid the kind of devastation India saw during its second wave of the pandemic.
· London stocks gain on energy boost, hopes of record-low interest rates
British shares rose on Tuesday as investors hoped that the central bank will keep interest rates at record lows despite a recent rise in inflation, while heavyweight energy shares tracked a jump in oil prices.
The benchmark FTSE 100 index climbed 0.2%, with Melrose being the top gainer on its plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders.
The energy index was among the top gainers, rising 2.03%.
· U.S. stock futures muted after the market’s sharp rally on Monday
· Investors focus on central bank speakers after extreme market moves
With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the Fed’s June meeting was too extreme.
Investors are now anticipating what message will come from Fed Chairman Jerome Powell, due to speak before Congress on Tuesday at 2 pm ET (1800 GMT), as well as several other key Fed officials making appearances throughout the week. Data is also due on housing and the Fed’s preferred inflation gauge.
Reference: Reuters, Investing, CNBC
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