World Shares Edge Higher As Hopes Turn To Stimulus, Vaccines
World shares edged higher on Wednesday as some markets wrapped up trading for 2020, anticipating a dose of fresh support for the
Shares rose in
Gains were modest after a lackluster day on
On Wednesday,
The
In another boost for sentiment, the European Union’s top officials formally signed a trade deal with the
Following the signature ceremony in
The long-sought agreement should help smooth post-Brexit dealings but still requires approval from legislatures in
Trading is thin with many traders already finished for the year.
“The data calendar is empty globally until US initial jobless claims tomorrow evening. It is unlikely that there will be anybody left at their screens to react to it,"
In Asian trading, buying of Chinese technology companies helped push
The Shanghai Composite index gained 1.1% to 3,414.45, while the Kospi in
Japan’s
The
The benchmark fell to 16,550 in March but like markets elsewhere has recovered with strong support from central banks and governments, Kiyota noted.
“As a result, the
Stocks fell slightly Tuesday on
The S&P 500 slipped 0.2% to 3,727.04. The Dow Jones Industrial Average dropped 0.2%, to 30,335.67. The tech-heavy Nasdaq slid 0.4%, to 12,850.22 in its first decline in four days as investors shifted money away from technology companies, which have been among of the biggest winners since the pandemic began.
With two days of trading left in 2020, the S&P 500 was up 15.4% this year, while the Nasdaq was up 43.2%.
An effort by Trump to get bigger,
Investors have been waiting months for such help, which economists say is needed to tide the economy over as coronavirus caseloads surge, leading governments to reimpose restrictions to stem the pandemic.
In other trading Wednesday,
The
Contractors Begin Second Pass At Oklahoma Ice Storm Cleanup
Extension Allows Californians To Sign Up For Health Insurance Through Jan. 6
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