NEW YORK (Reuters) – Asian stocks opened higher Friday, with Japan hitting a ten-year high as investors watched beyond rising coronavirus cases and political unrest in the United States and a bet on economic recovery later in the year.
Futures for the S&P 500 jumped 1.48% and Japan’s Nikkei 225 rose 0.84%, hitting the highest level since August 1990.
The widespread sentiment came after Wall Street reached its highest levels on Thursday as bond prices fell while markets pledged that a new Democratic-controlled government would bring heavy spending and borrowing to support a rebound. -US economic recovery.
“We are confident that we will see a parallel global recovery in the second half of this year,” said ING analyst Carsten Brzeski.
“Right now there is a lot of concern about the virus and noise around the vaccine. But we need to take a little further. ”
Australia’s S&P / ASX 200 got 0.16% more moderate after that country’s Queensland state imposed a three-day lock in its capital after a case of the more contagious UK variant of COVID-19 was reported. lorg.
Hong Kong’s Hang Seng index times lost 0.02% after reports that the Trump administration was considering banning U.S. agencies from investing in an expanded list of Chinese companies in the turbulent days of the presidency.
U.S. government officials have begun pressuring President Donald Trump to step down before President Joe Biden’s inauguration on Jan. 20 after he sparked violent protests against him at US Capitol building.
On Thursday, the Dow Jones industrial average rose 0.69%, the S&P 500 gained 1.48% and the Nasdaq Composite added 2.56%. Global MSCI stock index gained 1.18%.
Criterion yields hit their highest level in 10 months as the U.S. Treasury continued to sell. The last 12/32 benchmark 10-year notes fell in price to reach 1.0812%. The last 30-year bond fell 27/32 in price to yield 1.859%.
The dollar also strengthened hopes of a meaningful economic recovery later this year.
The dollar index rose 0.53% against a basket of currencies to 89.785 with the euro down 0.43% to $ 1.2272.
Bitcoin raised $ 40,000 for the first time on Thursday, as the digital currency remained in high demand from institutional and retail investors. Bitcoin eventually went up 6.1% at $ 39,100 but market watchers say there appears to be a pullback.
Strength in the dollar was measured on gold prices.
Spot spot fell 0.3% to $ 1,913.87 per ounce but US gold futures were 0.3% higher to settle at $ 1,913.60.
Oil traders continued to focus on Saudi Arabia’s pledge to deepen production cuts.
Brent crude set 8 cents to $ 54.38 a barrel after touching $ 54.90, a record high before the first COVID-19 locks came in the West. US West Texas Intermediate (WTI) set 20 cents to $ 50.83, after hitting a session high at $ 51.28.
Reciting with Imani Moise; Edited by Sam Holmes