Global shares gain on Trump’s improving health

Global stock markets advanced on Monday backed by optimism that President Donald Trump’s health had recuperated, allowing him to be discharged from hospital later on Monday.  This had alleviated global shares from some of the political uncertainty that pressed during the previous session.

In Asia, news about Trump’s improving health condition had sent S&P e-mini futures up by 0.82%.  Futures for the Nasdaq recorded a 1.11% gain, while MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.63%.

Australian shares gained 2.37%, recording their biggest daily earning in almost two weeks. Japan’s benchmark index Nikkei was 1.39% higher, while financial markets in China were closed for a public holiday.

Investors’ sentiment was seen subdued last Thursday following Trump’s announcement that he and the first lady had been diagnosed with the coronavirus. However, encouraging reports about his current condition are expected to send equities and other risky assets up ahead of the upcoming U.S. presidential poll next month.