Markets today: there is a positive sentiment in World stock exchanges, fueled not only by the echo of the promising news on the Covid vaccine.
Investors are also celebrating the significant strides made in the US for official recognition of Joe Biden as president.
Head of the US General Services Administration Emily Murphy wrote to Biden on Monday November 23, indicating that he can formally begin the process of transition to power.
Donald Trump tweeted that he told his team about “Do what needs to be done regarding the initial protocols”, a crucial indication to break the impasse of weeks.
I markets they therefore welcomed with optimism the news from the USA and beyond: what happens today?
Markets up: excellent news from the US
The Asian equities they opened trading higher on Tuesday 24 November. The novelty of the green light for the handover of the White House has added euphoria to an already brighter mood thanks to the progress made on the vaccine and the prospects for a rapid global economic recovery.
Wall Street also received a further boost: Biden’s likely appointment of the former Federal Reserve chairman, Janet Yellen, as Secretary of the Treasury. The first woman to fill this prestigious role and a sign of closeness with the Federal Reserve, recently in conflict with the Trump administration.
The Dow Jones Industrial Average has risen by1,12% overnight, the S&P 500 gained 0.56%, while the Nasdaq Composite only rallied 0.22%, underperforming as traders moved away from the big tech names.
The optimistic scenario helped the MSCI index of Asia-Pacific equities outside of Japan to grow by 0.15%. Australia’s S & P / ASX 200 was 1.1% stronger, hitting its highest level in nearly nine months, with energy stocks leading the pack.
The Nikkei Japan jumped 2.48% while Seoul’s Kospi rose 0.74%. Chinese blue-chips and Hong Kong’s Hang Seng, however, recorded outliers, down 0.75% and 0.08%.
The European equities are expected to rise on Tuesday amid growing optimism about the discovery of another effective vaccine and news that the Trump administration has accepted the handover of power to President-elect Joe Biden.
Second IG, the FTSE in London will open with 33 points more at 6,378, the German DAX with 86 points more at 13,258, the French CAC 40 up 32 points to 5,538 and the FTSE MIB in Italy by 210 points more to 21,921.
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