Global Markets: Asian shares vault to record high as U.S. stimulus seen within reach

John E. Kaye
News & Features
- Published
- News
(Reuters) – Asian shares climbed to a record high on Friday on growing prospects of a large U.S. economic stimulus package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment. In New York, the S&P 500 erased earlier gains after the WSJ reported that Pfizer had slashed the target for the rollout of its COVID-19 vaccine due to supply chain obstacles.
In commodities, oil prices got a lift after OPEC+ agreed to ease their deep oil output cuts from January. They agreed to move to cutting production by 7.2 million compared with current cuts of 7.7million bpd.
Sign up to The European Newsletter
By signing up, you confirm that you have read and understood our Privacy Policy. You can unsubscribe at any time.
RECENT ARTICLES
-
Off the blocks: LEGO and Formula 1 reunite for documentary on viral Miami Grand Prix stunt
-
Mergers and partnerships drive Africa’s mining boom – but experts warn on long-term resilience
-
New AI breakthrough promises to end ‘drift’ that costs the world trillions
-
Europe tightens grip on strategic space data as dependence on U.S tech comes under scrutiny
-
Trinity Business School study warns conspiracy theories are fueling real-world protest and sabotage
-
GITEX GLOBAL 2025 to spotlight AI’s expanding role in future-critical sectors
-
UK organisations show rising net zero ambition despite financial pressures, new survey finds
-
HumanX to establish permanent European base with 2026 Amsterdam AI summit
-
Gulf ESG efforts fail to link profit with sustainability, study shows
-
Glastonbury and Coachella set the stage for $400bn music tourism growth
-
Geopolitical volatility enters global top ten business risks for first time, new survey finds
-
Redress and UN network call for fashion industry to meet sustainability goals
-
Dar Global unveils $1bn Trump Plaza Jeddah in second Saudi venture with Trump Organization
-
Investors eye UAE as Belt and Road real estate gateway for Asia
-
Mitsubishi Estate’s £800m South Bank scheme to deliver 4,000 jobs
-
Watch: driverless electric lorry makes history with world’s first border crossing
-
Bologna sets pace in Europe’s tech race with record investor–founder meetings
-
Family-owned firms resist board diversity gains despite gender quotas, study finds
-
UK start-up founders defy stereotypes with corporate roots and regional spread
-
London Law Expo 2025 to tackle leadership, AI and integrity in the legal sector
-
Sustainability skills surge in European boardrooms, EY finds
-
UK and U.S unveil landmark tech pact with £250bn investment surge
-
International Cyber Expo to return to London with global focus on digital security
-
Cybersecurity talent crunch drives double-digit pay rises as UK firms count cost of breaches
-
Trinity Business School strengthens standing in global MBA rankings