Asian markets await bullish ride on struggling U.S. market

17.07.2020 - Davydova Maria
Asian markets await bullish ride on struggling U.S. market

Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten economy.

Australian S&P/ASX 200 futures advanced 0.23% in early trading. Japan’s Nikkei 225 futures soared 0.24% as Hong Kong’s Hang Seng index futures recorded a 0.74% gain. E-mini futures for the S&P 500 jumped 0.2%.

Investors focused on the prospect of economic stimulus aimed at nursing the ailing economy of the United States. It was set to be discussed next week amid the implementation of lockdowns in Southern and Western states. Recent data showed sharp growth in U.S. retail sales. However, its momentum remains unpredictable.

 

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