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Trump points to rising stocks after signing $900B financial aid plan



After President Trump signed a $900 billion financial aid plan, U.S. stock futures are pointing to gains, which helps reduce uncertainty because the government has reimposed travel and business restrictions on the government in response to the new coronavirus variant, and Traders returned from the long Christmas holiday to trade in the days before the last new year.

Stock code Safety continued change change%
Me: DJI Dow Jones Average 30,1
99.87
+70.04 + 0.23%
SP500 S&P 500 3703.06 +13.05 + 0.35%
I: COMP Nasdaq Composite Index 12804.734046 +33.62 + 0.26%

On Wall Street, the benchmark S&P 500 index rose 0.4% to 3,703.06 on Thursday on the last trading day before Christmas. The Dow Jones Industrial Average rose 0.2% to 30,199.87. The Nasdaq Composite Index rose 0.3% to 12,804.73 points.

The development of the coronavirus vaccine has encouraged investors, but the discovery of new, more contagious variants has weakened this optimism.

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Trump signed the measure, which includes funding for other government functions through September, although he expressed frustration that the payment of $600 to the public did not increase. After filing an objection at the last minute, his signature helped eliminate uncertainty, as the restoration of travel and business restrictions could drag global economic activity.

Axi’s Stephen Innes said in a report: “Thanks to the latest variant of the virus, stimulating balloons will allow the market to better navigate the number of new airbags appearing on the radar.”

After President Trump signed a $90 billion financial aid plan, US stock futures pointed to gains, which helped reduce uncertainty as the government reset travel and business restrictions in response to the new coronavirus variant, and Trader returns

After the US President took action, Asian stock markets rose on Monday. After the three-day Christmas weekend, traders returned to work, and Shanghai, Tokyo and Hong Kong also developed.

The Shanghai Composite Index rose 0.3% to 3,406.69, and Tokyo’s Nikkei 225 Index rose 0.5% to 26,798.62. Hong Kong’s Hang Seng Index rose less than 0.1% to 26,391.20.

At the same time, in Hong Kong, the Chinese e-commerce giant Alibaba Group announced that it would expand its share repurchase from US$6 billion to US$10 billion. An antitrust investigation was announced last week and the initial public offering of shares of Ant Group was suspended. Ant Group, a 33% online financial platform owned by Alibaba, fell 7%.

In Seoul, Kospi rose 0.4% to 2,817.79, while India’s Sensex opened up 0.06% to 47,230.55.

Singapore and Jakarta have also improved. The Australian market is closed.

On Monday, South Korea reported its first new variant among three people from the UK. Last weekend, Japan also reported cases and restrictions on non-resident foreigners entering the country. It also said that both Japanese and foreign residents must present coronavirus test results and observe quarantine upon arrival.

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In the energy market, in electronic trading on the New York Mercantile Exchange, benchmark US crude oil fell 7 cents to $48.16 per barrel. On Thursday, the contract rose 11 cents to close at $48.23. Brent crude oil, which is the basis for international oil pricing, fell 12 cents to $51.22 per barrel in London. The last trading day rose 9 cents to 51.29 US dollars per barrel.

The dollar fell to 103.54 yen from 103.68 yen last Friday. The euro rose from 1.2180 to 1.2216 against the dollar.


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