Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again

Asian shares and U.S. stock futures rose on Wednesday as renewed hopes for a new round of U.S. stimulus drew money into equities from government debt.

Asian Shares and EU Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.51%, while Tokyo shares .N225 gained 0.42%.
  • Australian stocks .AXJO edged up by 0.09%, but shares in China .CSI300 fell 0.33%
  • European equities looked set to follow. Euro Stoxx 50 futures STXEc1 were up 0.25%, German DAX futures FDXc1 rose 0.28%, and FTSE futures FFIc1 gained 0.18%.
  • U.S. stock futures EScv1 rose 0.71%.

Oil Prices

  • Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut.
  • Brent crude futures LCOc1 fell 0.49% to $42.95 a barrel.
  • U.S. crude futures CLc1 slipped by 0.43% to $41.52 per barrel.

 

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