Asian markets soar at record highs on global recovery hopes
- Date: 08-Jan-2021
- Source: Gulf Today
- Sector:Economy
- Country:Middle East
Asian markets soar at record highs on global recovery hopes
People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday. Associated Press
Asian shares vaulted to record highs on Friday and Japan's Nikkei hit a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year.
European share markets were set to follow Asia higher, with pan-region Euro Stoxx 50 futures up 0.77%, German DAX futures up 0.83% and FTSE futures up 0.46%.
US S&P 500 e-mini stock futures also pointed to a cheery open on Friday, rising 0.51% to 3,815.
The upbeat mood came after Wall Street hit record highs on Thursday while bond prices fell as markets bet a new Democratic-controlled US government would lead to heavy spending and borrowing to support the country's economic recovery.
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