WATCH Wed, 25 Nov 2020 13:28:25 +0200
Global shares reached record highs on Wednesday after the Dow Jones broke 30 000, with investors relieved at the prospect of a smooth handover of power after the US presidential election and confident a Covid-19 vaccine would soon be ready.
Asian markets were mixed Wednesday as an early rally fizzled out on profit-taking and lingering worries about the impact of a spike in coronavirus infections around the world.
Hong Kong stocks ended Wednesday with gains for the fourth day in-a-row as traders cheered more positive vaccine news and an easing of political uncertainty in the United States.
European stock markets climbed in opening deals on Wednesday, with London's benchmark FTSE 100 index gaining almost 0.2% to 6 442.80 points.
Tokyo stocks closed higher on Wednesday as investors took heart from rallies on Wall Street, with US political uncertainty receding.
Oil kept rising after closing at a eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
Bitcoin appears to be back in vogue, hovering near three-year highs, but Hilary Kramer of Kramer Capital Research warns investors against chasing the cryptocurrency, which has proven it can fall just as fast as it rises.
Stock markets mostly rose Tuesday as news that Donald Trump's team will now work with Joe Biden ahead of his inauguration built on optimism that vaccines could soon be rolled out around the world.
The General Services Administration in the US acknowledged Joe Biden as the apparent winner of the presidential election, following weeks of inaction.
Most Asian markets rose Tuesday as news that Donald Trump's team will now work with Joe Biden to begin his transition into the White House built on optimism that vaccines could soon be rolled out around the world.
Hong Kong shares closed on a positive note Tuesday as Joe Biden was allowed to begin his transition into the White House, though concerns about a fresh virus spike in the city tempered the gains.
European stock markets climbed solidly at the start of trading Tuesday, with London's benchmark FTSE 100 index gaining 0.7% to 6 379.44 points.
Germany's blue-chip DAX 30 index will grow by 10 companies and tighten entry rules following criticism over the spectacular collapse of former member Wirecard, stock exchange operator Deutsche Boerse said Tuesday.
Tokyo's Nikkei index closed up 2.50 percent Tuesday after US President Donald Trump dropped opposition to government aid for Joe Biden's transition team, with markets also buoyed by new vaccine news.
Global equities rose Monday following mixed Covid vaccine results, while investors also digested gloomy economic data that could herald another virus-driven downturn, dealers said.
Asian markets mostly rose again Monday but investor sentiment remains divided between optimism over vaccine developments and concern about surging virus cases around the world.
Hong Kong stocks finished higher Monday on hopes for a coronavirus vaccine being rolled out as soon as next month, though gains were capped by worries over a fresh spike local spike in infections.
European stock markets opened firmer Monday, buoyed as positive news on another coronavirus vaccine trial helped offset concerns over soaring case numbers, dealers said.
Nasdaq companies are buying Bitcoin as a reserve asset for their balance sheets because they believe Bitcoin will do better at preserving their value than the dollar.
With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around.