The Dow Jones is up by more than 500 points as the markets opens after the long weekend. Most stocks in the index have rallied in the premarket. Similarly, it is approaching the important resistance level of $25,285.
FTSE 100 makes fresh three week highs following a strong session in Asian markets and as the futures in Wall Street adding over one percent. Reopening optimism boost risky assets across the globe
German stocks rose today as the market continued to focus on the reopening of the economy and the Lufthansa bailout. The DAX index, which is the German equivalent to Dow Jones, rose by more than 62 basis points today.
Asian markets trading higher on new stimulus from China and after in Japan Prime Minister Abe lifted the restrictions for the entire nation
Hong Kong shares crawled back today as investors reacted to China’s reassurance on Hong Kong. The blue-chip Hang Seng index is up by more than 2 per cent after having the worst two days since 2015. All companies in the index were in the green today.
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The Dow Jones futures trading higher on Memorial day as investors ignored rising tensions between USA and China and a new stand-off in Hong Kong and focused on the reopening of the economy and developments on the coronavirus vaccine.
The DAX index rose by more than 0.75% as investors reacted to the positive news about Bayer. The index also rose as investors started to price a bottom after the German economy contracted at the fastest pace since 2009. It also shrugged-of the brewing tensions between China and the US.
Asian stocks started mixed the new week as the tensions between China and the USA over the Hong Kong new security law with shares in Hong Kong, extending losses for one more day.
The Hang Seng was the worst-performing major index in Asia-Pacific today. The index declined by almost one per cent while the Shanghai composite declined by 0.17%. The Nikkei 225, ASX, and KOSPI rose by 1.50%, 1.80%, and 0.82% respectively.