Asian, European stocks gain
- 29 Dec 2020
Gulf Today Report
European stocks advanced on Tuesday following the sealing of Brexit trade deal and hope for more US stimulus package heightens.
The pan-European STOXX 600 was up 0.8% by 08:28 GMT, rising for a fifth straight session and scaling a new 10-month high.
UK stocks gained following a long weekend, the blue-chip FTSE 100 advanced by 1.6%. The German DAX rose 0.6% and extended a record run.
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Asian stock
Asian stocks gain on Tuesday following President Trump’s signing of the economic stimulus package.
In Tokyo, the Nikkei 225 jumped 1.6% to 27,292.37, the first time it has traded above 27,000 since April 1991. The market hit its all-time peak close of 38,915.87 on Dec. 29, 1989.
Hong Kong's Hang Seng index rose 1% to 26,586.76 and in South Korea, the Kospi was little changed at 2,811.20. Australia's S&P/ASX 200 climbed 0.5% to 6,696.30 and the Shanghai Composite index was flat, at 3,395.89.
Investors are hopeful following the rollouts of coronavirus vaccinations.