Global shares rise amid hopes for global economic rebound | National News
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In this photo provided by the New York Stock Exchange, traders gather at a post on the floor, Thursday, Feb. 4, 2021. Stocks moved higher in afternoon trading on Thursday, helped by strong company earnings as well as optimism that Washington can reach a deal for another round of fiscal stimulus for the millions of Americans who need it.
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Feb. 5, 2021. Asian shares rose Friday, echoing a rally on Wall Street, as hopes grew for a gradual global economic recovery from the damage of the coronavirus pandemic.
Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Feb. 5, 2021. Asian shares rose Friday, echoing a rally on Wall Street, as hopes grew for a gradual global economic recovery from the damage of the coronavirus pandemic.
TOKYO (AP) — Global shares rose Friday, echoing a rally on Wall Street, as hopes grew for a gradual global economic recovery from the damage of the coronavirus pandemic.
France’s CAC 40 rose 0.6% in early trading to 5,643.50, while Germany’s DAX inched down less than 0.1% to 14,053.69. Britain’s FTSE 100 was up nearly 0.1% to 6,508.33. U.S. shares were set to open higher, with Dow futures up nearly 0.2% at 31,002. S&P 500 futures were also up 0.2% at 3,872.38.
Japan’s benchmark Nikkei 225 surged 1.5% to finish at 28,779.19. Australia’s S&P/ASX 200 rose 1.1% to 6,840.50, and South Korea’s Kospi climbed 1.1% to 3,120.63. Hong Kong’s Hang Seng jumped 0.6% to 29,279.74, while the Shanghai Composite fell 0.2% to 3,496.33.
Asian markets got a lift from positive employment data from the U.S., which has set off a mood of “confidence about the U.S. economy getting back on its feet,” said Venkateswaran Lavanya of Mizuho Bank in Singapore.
An apparent sign in global data of a gradual decline in COVID-19 cases is also nurturing hopes for a rebound. So are rollouts of COVID-19 vaccines, Lavanya said.
Global investors are watching various company earnings reports. There is also optimism that Washington can reach a deal for another round of fiscal stimulus for millions of Americans.
