Shares surge in Asia Pacific, with the Nikkei reaching its highest level since 1991, after president-elect pledges to try to bring unity to the USFinancial markets around the world have received a marked boost in the wake of Joe Biden’s victory in the US presidential election, with Japanese shares hitting their highest level for nearly three decades and oil prices also climbing.Stock prices in Europe and New York were also expected to rise sharply on Monday after the president-elect pledged to try to bring unity to the US after four tumultuous years under the Trump administration. Continue reading...
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US stocks set to hit new record highs, while oil soars as US jobs data beats expectations and economies show signs of recovery
Summary List PlacementUS stocks were on track to rise to new all-time highs on Friday at...Summary List PlacementUS stocks were on track to rise to new all-time highs on Friday at the end of a stellar week in which the S&P 500 has already risen around 4% and is heading for its strongest weekly gain in three months. Signs that the US and other economies are recovering from the latest round of coronavirus restrictions have also boosted oil prices...
US stock futures and the dollar fall as Democrats take control of the Senate in tight Georgia runoff elections
Summary List PlacementUS stock futures fell along with the dollar on Wednesday after the Democrats wrested...Summary List PlacementUS stock futures fell along with the dollar on Wednesday after the Democrats wrested control of the Senate from the Republicans by narrowly winning two George runoff elections. The 10-year US Treasury yield hit 1% for the first time since the start of the coronavirus pandemic as investors moved to price in more stimulus under a Democratic Senate and presidency. Democrat Raphael...
The president-elect looked to forge unity between business and unions in a speech on the economy.