Showing posts with label ASX 200 index. Show all posts
Showing posts with label ASX 200 index. Show all posts

Monday, January 4, 2021

ASX 200, Hang Seng Weekly Open: Rally May Pause as Pandemic Worsens

S&P 500ASX, 200, HANG SENG, ASIA-PACIFIC MARKET OUTLOOK:

  • US equity indices closed at all-time highs, but the rally may take a pause on virus concerns
  • ASX 200, Hang Seng and S&P 500 futures are mixed in view of viral resurgence and lockdowns
  • Stimulus money, speculation and return of traders propelled cryptocurrencies, Bitcoin topped $33k

 Pandemic, PMIs, Bitcoin, Asia-Pacific Stocks Weekly Outlook:

Asia-Pacific markets may kick off the week with a mixed tone after all three major US indices finished the year at their record highs thanks to the Covid-19 vaccine rollout, the US stimulus package, as well as seemingly broad consensus that central banks will largely stay accommodative as the pandemic worsens.