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World stock markets are close to historical highs, dollar falls again Reuters




© Reuters.After the coronavirus outbreak, people wearing protective masks are reflected on a screen showing the Nikkei index outside the Tokyo Stock Exchange

Carolyn Cohn

Reuters LONDON-World stocks are slightly approaching recent record highs. Asian stocks hit a record high on Wednesday as investors pledged that the economy will recover strongly this year, and optimism pushed the safe-haven dollar to its lowest level since April 201

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Major European markets hope to rise for the sixth consecutive trading day because AstraZeneca (NASDAQ:) and Oxford University’s coronavirus vaccine became the second vaccine approved by the UK, helping the vaccine to increase by 0.2% early.

A new, more spreadable variant of the virus is spreading rapidly, but EU countries have also begun to promote Pfizer (NYSE:) and BioNTech vaccine.

Wall Street will also rise 0.4%. After Senate Majority Leader Mitch McConnell voted on President Donald Trump’s call for increased COVID-19 check waivers, the US stock market fell from intraday highs on Tuesday.

The United States has also discovered the first known case of a new, highly contagious new strain of coronavirus that it has discovered in the United Kingdom and South Africa.

MSCI’s World Equity Index remained optimistic, but rose 0.2%, just one step away from the record high set on Tuesday.

The index has risen by 14% this year and is up nearly 70% from the March low. This is due to the global trillion-dollar economic stimulus plan and the hope that the coronavirus vaccine will reopen blocked economies.

Janet Mui, investment director of wealth management company Brewin Dolphin (OTC :), said: “As the COVID-19 struggle intensifies, the prospect of vaccination will be a lens of confidence in the market.”

In addition to concerns about the virus, British lawmakers are scheduled to vote on the UK-EU trade agreement later on Wednesday, the day before the expiration of the Brexit transitional arrangements.

Driven by the rise in the Chinese stock market, MSCI’s gains in Asia-Pacific stocks excluding Japan reached a record 1.4%, and its growth this year reached 19%.

After jumping to a 30-year high on Tuesday, the stock price fell 0.45% on the last trading day of 2020. ()

It is firmly believed that the global monetary authorities will continue to inject liquidity into the banking system to support the pandemic economy, which is the basis for supporting risky assets.

Although many Republican senators in the United States still firmly oppose the increase in relief payments, more and more of them support it, including two senators from Georgia, who participated in an important contest to decide who will control the Senate.

In the currency market, the dollar’s weakness continues. On Wednesday, the first day of transaction settlement, it will fall again in 2021.

It reached its lowest level since April 2018 and then rebounded. Finally fell by 0.12%. The euro rose to its highest point since April 2018 against the dollar, close to $1.23.

An analyst from the Commonwealth Bank of Australia (OTC:) said: “The COVID-19 immunization campaign has begun in several countries and the United States has provided additional financial support, which reduces the downside risks of the global economy and is beneficial to the overall financial market sentiment. ,”.

The Australian dollar rose 0.6% to US$0.7663 against the US dollar, a two-and-a-half-year high. The pound rose 0.34% against the dollar to $1.355. The exchange rate of the yen against the dollar rose by 0.25% to 103.28.

The yield on German 10-year bonds, which is inversely proportional to the price, increased by 0.015 basis points. Oil prices have continued their recent gains due to the hope that stimulus measures and the reopening of the economy next year will stimulate fuel demand.

US West Texas Intermediate crude oil futures rose 0.73% to US$48.35 per barrel [O/R]. The price of gold stabilized at US$1,878.5 per ounce. [GOL/]




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