Add a listing
0
Add a listing

Asian shares edge higher as Biden unveils $1.9 trillion US stimulus plan

Asian shares edged up near record highs on Friday after US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world’s largest economy and accelerate its response to coivd-19.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1% around midday in Asia, just off a record high.
  • Hong Kong’s Hang Seng added 0.32%, while Australia’s ASX 200 rose 0.17%.
  • Japan’s Nikkei was down 0.21% after touching three-decade highs in the previous session,
  • Chinese blue-chips lost nearly 1% amid worries over rising COVID-19 cases in the country.

Currency Markets

  • In the currency market, the US dollar index, which had rebounded after hitting a nearly three-year low last week, was little changed on Friday at 90.27, and flat against the yen at 103.79, as Powell’s dovish statements offset support from the stimulus proposal.
  • The euro nudged 0.05% lower to $1.2150.
  • US yields stepped back after earlier rising on higher inflation expectations. Benchmark 10-year Treasury notes yielded 1.1122%, down from a US close of 1.129% on Thursday, while the 30-year yield dipped to 1.8514% from 1.874%.

Oil Prices

  • Oil prices, which had risen on a weak dollar and strong Chinese import data, were mixed by midday in Asia as COVID-19 concerns in China hit sentiment.
  • Brent crude oil futures fell 0.27%, to $56.27 a barrel while US crude was 1 cent higher at $53.58.
  • Spot gold rose 0.24% to $1,850.77 per ounce.

Related Posts

Recent Posts
Leading Key
Asian Shares Asian Stocks bafin Blog brent brokerswatch CBI Ireland cftc cointelegraph Commodities Crude Oil energy european fca fcnb FINRA Forex fsma fxpro Gold gold-price Inflation Interview Market Analysis markets Marketwatch News News stories oil oott OPEC Press Release Press Releases Roboforex Russia Speech Statements stock markets Stocks Technical analysis tickmill Trading Warning Notice wti xgloabalmarkets
brokerswatch white red logo
Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple.  Find the right brokers based on the criteria most important to you and compare them side by side for easier selection
Twitter Facebook-f Instagram Linkedin Reddit

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of  part or all of your initial investment is possible;  therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer:  All data and information on this Website are provided “as is” and to be used only for information purposes.  Information is not  intended for trading or trading recommendations.  The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.