Global Markets: Shares found support from US anti-virus step

Asian stocks expanded the global stock rally after the budget was allocated to combat the impact of coronavirus in the US. This development has increased optimism on the support signals from policy makers around the world. As US Treasury bonds rose, US stock futures returned some of their earnings for Wednesday.

In Asia, the stock indicator is preparing for its fourth daily rise. S&P 500 Index futures declined as California declared a state of emergency due to the virus. The underlying index rose more than 4 percent on Wednesday, with Congress allocating nearly 8 billion dollars for antivirus protection. The Canadian Central Bank joined the mobilization trend of global central banks. Australian Finance Minister said on Thursday that the incentive will come soon.

US Treasury bonds rose after the yield curve steeper on Wednesday. Since the coronavirus outbreak began, Yuan has regressed after recovering all of its losses.

“Currently, the markets find it reliable enough, which means that some recovery is on the way as a result of the current move,” said Ben Emons, executive director of Medley Global Advisors global macro strategy unit. said.

With the recovery of risky assets, virus cases are increasing all over the world, while traders stand on their toes. The S&P 500 Index rose 6 percent this week. The Ascension had started on Friday with the Fed’s commitment to support. The indicator index is still 8 percent less than the peak of all time it saw last month.

Petroleum has escalated due to the disagreement between Saudi Arabia and Russia on whether more oil production problems are required.

Stocks

In Japan, the Topix Index closed with a 0.9 percent rise at 15:00 Tokyo time.
Kospi Index climbed 1.3 percent in South Korea.
Hang Seng Index rose 2 percent in Hong Kong.
Shanghai Compound Index rose 1.7 percent.
S & P / ASX 200 Index increased by 1.1 percent in Australia.
S&P 500 Index futures fell 0.4 percent. The underlying index rose 4.2 percent on Wednesday.
Euro Stoxx 50 Index futures increased by 1.1 percent.
The MSCI Asia Pacific Index rose 1.2 percent.

Currency

Euro / Dollar The parity did not change much in 1.1135.
The Yen was trading at 107.38, up 0.1 percent.
The yuan traded outside China fell 0.2 percent to 6.9359.

Bonds

The interest rate of 10-year Treasury bonds in the USA decreased by 3 bp to 1.02 percent.
The Australian 10-year interest rate rose 6 bp to 0.78 percent.

Commodity

WTI oil’s barrel rose 1.4 percent to $ 47.42 a barrel.
Gold gained 0.1 percent to $ 1.638.69 an ounce.