Global shares hover near record peak as vaccine drive normalisation hopes

05.02.2021 - Evdokimov Roman
Global shares hover near record peak as vaccine drive normalisation hopes

With vaccine distribution showing progress, hopes for faster normalisation in the global economy and earnings recovery weighed on global markets, with Asian shares leading the way and edging Wall Street on Friday trade.

Global shares hovered near their record peak hit nearly two weeks ago with an index of the world’s major 50 markets, MSCI ACWI extending its gains into a fifth straight day. MSCI’s gauge of Asian shares outside Japan improved 0.4% while Japan’s Nikkei gained 1%.

On Wall Street, each of major indexes increased more than 1% on Thursday, with the Nasdaq Composite Index and S&P 500 posting their record highs.

Supporting risk sentiment among investors were expectations of a large stimulus by Biden while stronger-than-expected U.S. markets data mood in the markets are stirring a bullish mood.

Meanwhile, bond yields rallied in Europe as well, with Germany’s 30-year government bond yield going back in positive territory for the first time since September.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?