Asia shares retreat from record, but U.S. stimulus hopes buoy market mood
Asian shares on Friday slipped from the record they hit a day earlier, but the prospect of a major U.S. coronavirus relief package left some investors still in the mood to pick up stocks and other risk-exposed assets.
- MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3% from Thursday’s record.
- Japan’s Nikkei dipped 0.2%, facing strong resistance around 27,000.
- U.S. S&P 500 futures eased 0.15%, a day after their underlying index gained 0.58% to close at an all-time high of 3,722.48.
- The dollar index stood at 89.899, having slipped below 90 for the first time in two and a half years.
- The euro changed hands at $1.2255, having hit a two-and-a-half-year high of $1.2273 on Thursday.
- The dollar stood at 103.29 yen, after having slipped to a nine-month low of 102.88 the previous day.
- Spot gold eased slightly to $1,881.0 per ounce after having hit a one-month high of $1,896.2 in previous session.
- Brent crude futures traded at $51.34 a barrel, down 0.3% on day but not far from Thursday’s peak of $51.90, having gained 2.7% so far this week.