fbpx

Asian equities rise on Brexit optimism

Asian equities rise on Brexit optimism - MarketPulseMarketPulse

image

Home/Brexit/COVID-19/Indices/News events/Newsfeed

Share 0

Asian equities start on a positive note

Asian equities are rising today after Wall Street finished the overnight session notable for its global recovery cyclic rotation. The markets have been treated to the churning of the Washington DC pond by vetoes, new votes, and overrides. President Trump has threatened to veto the combined fiscal stimulus/government funding bill for 2021, arguing that the payments for individual Americans were far too small. Despite this monkey wrench from Trump, Wall Street clearly believes something positive will float to the top of the barrel when the churning stops.

The S&P 500 rose just 0.07%, with the Nasdaq falling 0.29%, but the Dow Jones, heavy with unloved legacy not-working-from-home companies, rose by 0.38%. Notably, the aftermarket futures on all three indexes have increased by around 0.30% this morning in Asia.

That has been enough to greenlight more gains for Asian equities which also appear to be relieved that a Brexit agreement is nigh, with the UK press saying that PM Johnson will address the nation at 1100 LDN time today. The announcement by Santa-Boris comes in the nick of time. Still, it leaves the UK isolated internationally due to Covid-19, thousands of trucks marooned on each side of the English Channel and follows more of England’s regions being moved into a hard tier-4 lockdown.

The Nikkei 225 has climbed 0.55%, with the Kospi jumping 0.86%. China markets are positive, although Ali Baba concerns are weighing on sentiment. The Shanghai Composite is 0.25% higher, with the CSI 300 and Hang Seng 0.20% higher.

Singapore has risen 0.25%, with Kuala Lumpur and Jakarta falling by the same while Taiwan has risen 0.50%. The story is much the same in Australia, with the All Ordinaries and ASX 200 higher by 0.50%.

Although some reshuffling of portfolios in emerging Asia was to be expected ahead of the holiday break, the underlying theme is a positive one. That tone should continue through Europe and barring any surprises from Washington DC, North America as well.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley is OANDA’s senior market analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes. He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays. A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV, Channel News Asia and the New York Times. He was born in New Zealand and holds an MBA from the Cass Business School.

Jeffrey Halley

Latest posts by Jeffrey Halley (see all)

Original author: Jeffrey Halley

Copyright

© MarketPulse

US dollar dips on risk sentiment
Santa-Boris arrives just in time
 

By accepting you will be accessing a service provided by a third-party external to https://chatpips.com/

 
     
 

Broker Search

Latest Spot Rate

 
22 January 2021
A tough end to the week - MarketPulseMarketPulse Home/COVID-19/News events/Newsfeed Share 0 Stock markets are ending the week on a negative note after a period of consolidation so far this month. It’s been a strange start to the year following a bump...
22 January 2021
Oil and gold slip as dollar higher - MarketPulseMarketPulse Home/Commodities/Metals/Newsfeed/Oil/Technical analysis/Treasuries Share 0 Oil could be seeing minor correction Oil prices have fallen by more than 2% on Friday, as widespread risk aversion ...
22 January 2021
Pound slips on weak retail sales, PMIs - MarketPulseMarketPulse Home/COVID-19/FX/News events/Newsfeed/Technical analysis Share 0 The British pound has reversed directions in the Friday session and headed lower. Currently, GBP/USD is trading at 1.3671...
22 January 2021
NZ dollar slips on soft mfg. data - MarketPulseMarketPulse Home/Central banks/COVID-19/FX/News events/Newsfeed/Technical analysis Share 0 The New Zealand dollar has reversed directions on Friday and recorded considerable losses. Currently, NZD/USD is...
22 January 2021
SHANGHAI, Jan. 22, 2021 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that at an extraordinary general meeting of shareholders (the "EGM") held tod...
How It Works | About | Contact | Contributors | Privacy Policy | Advertise
© 2009 - 2021 ChatPips. All Rights Reserved. Terms of Use: The content on this website is solely for educational and informational purposes and is not a substitute for official documentation of the original owners. Daily economic news is provided by third-party website. This site is not operated by, sponsored by, endorsed by, or affiliated with any parties in any way. The website owner, the authors, the publishers, and all affiliates of ChatPips.com assume no responsibility or liability for your trading and investment results. You should always check and confirm with several sources with your licensed financial advisor and tax advisor to determine the suitability of any investment before making your final decision. Your continued usage and browsing of information on this website constitute your agreement to this Terms of Use. If you do not agree, please do not proceed to use this website. Brokers Directory: The companies license information were obtained from respective local jurisdiction. All other company and/or product names are trademarks and/or registered trademarks of their respective owners.