Asian stocks jump on vaccine optimism, U.S. payrolls eyed

02.07.2020 - Kulakov Vladimir
Asian stocks jump on vaccine optimism, U.S. payrolls eyed

Asian shares tracked Wall Street higher on Thursday. This followed even though sentiment was dull ahead of U.S. employment data.  Meanwhile, copper prices recorded six-month highs on a bright global outlook and supply concerns in top producer Chile.

All major indexes were seen upbeat on vaccine hopes, driving MSCI’s broadest index of Asia-Pacific shares up with a 0.9% gain.  Japan’s Nikkei advanced 0.4% as China’s blue-chip index and Hong Kong’s Hang Seng index both jumped with 0.6% and 1.7% gains.

E-mini futures for the S&P 500 were flat.  

U.S. employment figures due on Thursday will determine how far the world’s largest economy can sustain its fragile recovery. This came as a concern given that several southern states have seen an upsurge in new coronavirus cases.  

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?