Investors will be anxious to see whether upcoming quarterly reports and outlooks from US companies validate expectations for a strong 2021 rebound in earnings and the economy, which were ravaged by the coronavirus pandemic last year.
Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit forecast 54%, shrugged off global chip
Global shares rose to just shy of record highs, as optimism over a $1.9 trillion US stimulus plan outweighed increasing COVID-19 cases and delays in vaccine supplies.
Share markets and the dollar whipsawed while bonds gained on Wednesday as results from the US presidential election proved far closer than polls had predicted, potentially leaving the outcome in doubt for days or even weeks.
Stocks are recovering on Wall Street Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.
World shares pushed on from one-month highs on Friday, with Asian stocks closing in on 2-1/2-year peaks, as growing expectations the Democratic party will win US elections next month revives hopes for more economic stimulus there.
World stocks were on course to extend a five-day run of record highs on Thursday, while bitcoin took a breather after its latest surge and Russia’s markets
Global stock markets sank on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
Global money market funds received inflows of $44.7 billion, the largest inflow since December, according to data by Refinitiv Lipper