WASHINGTON (Reuters) – Asian markets will open on Friday after US equities rose as investors weighed in on economic growth and inflation prospects and celebrated advances in vaccine deployment.
“Market sentiment remains quite bullish and volatility, by post-pandemic standards, is remarkably low,” said Kyle Rodda, an analyst at IG Markets.
“Right now (and in fact, that could be a level of complacency), the small amount of stock for the week has been taken lightly.”
Australian S & P / ASX 200 futures rose 0.30% in early trading, while the value of MSCI shares worldwide gained 0.14%.
Shares in emerging markets lost 0.77%. MSCI’s broader Asia-Pacific stock index outside Japan closed 0.55% lower, while Japanese Nikkei 225 futures fell 0.02%.
The Nikkei 225 index closed the one-day session up 1.14% at 28,729.88. The futures contract increased by 0.52% with respect to this closing. Hong Kong’s Hang Seng index futures rose 0.37%.
Data from the U.S. Department of Labor showed that claims for unemployment benefits fell to a one-year low last week, a sign that the U.S. economy is on the verge of stronger growth in as the public health situation improves and temperatures rise.
At his first formal press conference, U.S. President Joe Biden said he would double his administration’s vaccine deployment plan after reaching the previous target of 100 million shots 42 days earlier than expected .
On Wall Street, stocks closely tied to the economic recovery led to a rebound, while some weakness between high-growth stocks and shares of energy companies slowed the S&P 500 and other major indexes on the rise.
The Dow Jones Industrial Average rose 199.42 points, or 0.62%, to 32,619.48, the S&P 500 gained 20.38 points, or 0.52%, to 3,909.52, and the Nasdaq Composite add 15.79 points, or 0.12%, to 12,977.68.
Oil fell after rising the day before, when a container ship was stranded in the Suez Canal. The boat can block the vital lane for weeks.
US crude fell 0.09% to $ 58.51 a barrel and Brent stood at $ 61.84, down 3.99% on the day.
Weighing sentiment was a disagreement over Chinese technology stocks amid concerns that it would drop out of US stock markets due to concerns about the shortage of semiconductors.
Shares of Nike Inc. fell 3.4% when the sporting goods giant faced a Chinese backlash on social media for its comments on reports of forced labor in Xinjiang.
The dollar index peaked since November overnight at 92.697, surpassing its 200-day moving average.
The dollar index rose 0.265%, with the euro 0.05% to $ 1.177.
“The dollar is absolutely critical,” said James Athey, chief investment officer of Aberdeen Standard Investments. “If the dollar starts to rise, it becomes a problem. It means commodity weakness and emerging market weakness and is beginning to provide a disinflationary compensatory narrative. “
Banknotes to 10-year benchmarks rose for the last time to 1.6332%, from 1.614% late Thursday.
Spot gold added 0.1% to $ 1,727.73 an ounce.
Katanga Johnson Reports; edited by Richard Pullin