May 28, 2024

Costaalegre Restaurant

Learn marketing business

Global shares extend gains on global optimism, vaccine hopes

5 min read

TOKYO — Global shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating.

U.S. markets were closed Monday for Washington’s Birthday, a national holiday. Shanghai remains closed for the Lunar New Year, until Thursday.

France’s CAC 40 edged up nearly 0.2% to 5,795.86 in early trading, while Germany’s DAX added 0.1% to 14,126.81. Britain’s FTSE 100 gained 0.3% to 6,774.58. U.S. shares were set to drift higher with Dow futures adding 0.6% to 31,600. S&P 500 futures rose 0.5% to 3,950.88.

Japan’s benchmark Nikkei 225 jumped 1.3% to finish at 30,467.75, after closing the day before above 30,000 for the first time since August 1990. In Hong Kong, the Hang Seng added 1.9% to 30,746.66. South Korea’s Kospi gained 0.5% to 3,163.25, while Australia’s S&P/ASX 200 added 0.7% to 6,917.30.

Despite data that show regional economies have been hit hard by the pandemic, investors are still sending indexes ever higher. Analysts think Asian shares will continue to rally, cheered by the recent gains on the U.S. and European markets.

Hopes for a recovery are being driven partly by the COVID-19 vaccine rollouts, said Prakash Sakpal, senior economist Asia at ING.

“Gains will still likely be capped as investors remain wary of newer strains of the variant, which may be more resilient to existing vaccines,” he added.

A vaccine rollout is starting soon in Japan, a nation that’s lagged behind the U.S. and Europe with the inoculations. It begins with about 20,000 medical workers, followed by 3.7 million more medical workers. The government’s goal is to have shots available for elderly people in April, and for everyone by June.

Government data earlier this week showed the Japanese economy has rebounded from the growth drop experienced earlier over COVID-19, but contracted for 2020 overall. It’s unclear whether the world’s third largest economy can stay on the growth track, as worries continue about an ongoing wave of infections.

Uncertainty about whether the Tokyo Olympics can go on in July, postponed from last year, with no foreign spectators or perhaps no spectators at all, is adding to the gloom.

Still, optimism remains over stimulus measures, including trillions of dollars more aid from the U.S. government. Some companies have released surprisingly strong earnings reports, adding to investor enthusiasm.

“Global equity markets remain on the climb into this week with the multitude of positive factors, including U.S. fiscal stimulus hopes, positive earnings and the vaccine rollout supporting sentiment,” said Jingyi Pan, senior market strategist at IG in Singapore.

U.S. benchmarks ended last week at record highs.

In energy trading, U.S. benchmark crude oil added 63 cents to $60.10 a barrel in electronic trading on the New York Mercantile Exchange. It gained $1.23 to $59.47 per barrel on Friday. Brent crude, the international standard, gained 15 cents to $63.45 per barrel.

In currency trading, the U.S. dollar inched up to 105.51 Japanese yen from 105.39 yen. The euro strengthened to $1.2139 from $1.2131.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

rn% endblock %","start":"https://users.startribune.com/placement/1/environment/3/limit-signup-optimizely/start"},{"id":"limit-signup","count":12,"action":"ignore","mute":true,"action_config":"template":"% extends "grid" %rnrn% block heading_text %Youu2019ve read your 10 free articles for this 30 day period. Sign up now for local coverage you wonu2019t find anywhere else, special sections and your favorite columnists. StarTribune puts Minnesota and the world right at your fingertips. % endblock %rnrn% block last %rn parent() rn# limit Krux pixel from https://www.squishlist.com/strib/customshop/328/ #rnrnrn% endblock %","start":"https://users.startribune.com/placement/1/environment/3/limit-signup/start"},"id":"meter-desktop-331","count":10,"action":"ignore","mute":false,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/meter-desktop-331/start","id":"PDA991499opt","count":9,"action":"ignore","mute":true,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/PDA991499opt/start","id":"limit","count":8,"action":"inject","mute":false,"action_config":"template":"

rnrnrnrn

rn

rn

rn rn

rn t

rn SUBSCRIBErn Already a subscriber? Log in.rn

rn

All Star Tribune readers without a Digital Access subscription are given a limited number of complimentary articles every 30 days. Once the article limit is reached we ask readers to purchase a subscription including Digital Access to continue reading. Digital Access is included in all multi-day paper home delivery, Sunday + Digital, and Premium Digital Access subscriptions. After the 1 month Premium Digital Access introductory period you will be charged at a rate of $14.99 per month. You can see all subscription options or login to an existing subscription herern

rn rn

rn

rn

rn

rn

rn","start":"https://users.startribune.com/placement/1/environment/3/limit/start"},{"id":"nag","count":7,"action":"lightbox","mute":true,"action_config":{"height":null,"width":"630px","redirect_on_close":null,"template":"% extends "shell" %rnrn% block substyles %rn

rn% endblock %rnrn% block page %rn#rnrn limit - count - 1 rnrn form.flow_form_open(nextAction: 'firstSlide', null, null, '_top') rn form.btn('Save Now') rn form.flow_form_close() rnrn

rnrnrnu2022 rnrnrnrn#rn

rn

rn

You have limit - count - 1 articles left

rn

rn rn u00a0u00a0u2022u00a0u00a0rn rn

rn

rn

rn

rn Save More Todayrn

Over 70% off!

rn

rn

rn

rn

99u00a2 for first 4 weeks

rn form.flow_form_open(nextAction: 'firstSlide', null, null, '_top') rn form.button('Save Now', 'btn nag-btn') rn form.flow_form_close() rn

rn

rn% endblock %rnrn% block last %rn parent() rnrn% endblock %"},"start":"https://users.startribune.com/placement/1/environment/3/nag/start"},"id":"x","count":4,"action":"ignore","mute":true,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/x/start","id":"multi-start","count":3,"action":"fly_in","mute":true,"action_config":"location":"bottom_left","slide_direction":"bottom","group_id":null,"display_delay":"0","collapse_delay":"10","template":"

rn

rn

rn

rn u00d7rn

rn

rn

From just

rn

$3.79 99u00a2 a week

rn Save nowrn

rn

rn

","start":"https://users.startribune.com/placement/1/environment/3/multi-start/start"]};

costaalegrerestaurant.com | Newsphere by AF themes.