Asia shares, oil rally on vaccine hopes

Asia shares, oil rally on vaccine hopes

Asian shares have jumped and oil has extended gains on optimism the global economy would recover quickly following a successful early-stage trial of a coronavirus vaccine, while the euro hovered near a two-week top. MSCI’s broadest index of Asia Pacific shares...
Asia shares, oil rally on vaccine hopes

Asia shares follow S&P 500 higher

Asian shares have been led higher by S&P 500 futures and oil prices have hit a five-week peak as countries’ efforts to reopen their economies stirred hopes the world was nearer to emerging from recession. Summer weather is enticing much of the world to...
Asia shares, oil rally on vaccine hopes

Asia shares struggle amid US-China strains

Asian stocks have struggled to extend gains and were on course to end the week lower as deteriorating US-China relations undercut optimism over the reopening of major economies. Worries about confrontations between the two largest economies in the world eclipsed...
Asia shares, oil rally on vaccine hopes

ASX shares to edge higher

Shares on the Australian market are poised for a better start after US markets rallied overnight on economic recovery hopes. The SPI 200 futures contract was higher 45 points, or 0.85 per cent, to 5,353.0 at 0700 AEST on Friday, indicating a small gain in early trade....
Asia shares, oil rally on vaccine hopes

US shares slip as Fed warns on economy

The S&P 500 and Dow has slipped as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while he also dismissed speculation over negative interest rates. “There is a sense, growing sense I think, that the...