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

Daily News
| The European | 4 December 2020

(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

For the latest news

Download the App free today

Follow
your favourite
business magazine
while on the go.
Available on

Magazine Hard Copy Subscription

Get your
favourite magazine
delivered directly
to you

Purchase

Magazine Digital Subscription

Get the digital
edition of the award winning
The European

Subscribe

ISF

Report

Read
Information Security Forum’s
special report
exclusively here

Read report

Other Daily News Articles You May Like

Website Design Canterbury