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Asian stocks almost rise by Investing.com, focusing on US stimulus and Fed policy making

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Gina Lee

Investing.com – Asia Pacific stocks rose most of Wednesday morning after the biggest decline in the last two months. Investors, along with variants of the COVID-19 virus, continue to digest US earnings reports, blocking the passage of US stimulus.

In Australia, after returning from the holidays, it decreased by 0.78% by 10:36 pm (3:36 AM GMT). According to data released today, the consumer price index (CPI) rose 0.9% in both the fourth and fourth quarters of 2020.

Hong Kong rose 0.15%. The city underwent a second flush neighborhood blockade in a small section of Yau Ma Tei, which was lifted within 24 hours.

China decreased by 0.03% and increased by 0.07%.

Japan rose 0.28%. The country’s emergency, which is currently scheduled to expire on February 7, could be extended until the end of February.

South Korea rose 0.05%.

Global equities remain near record highs, and the US corporate earnings season is accelerating throughout the week. The new COVID-19 variant imposes new restrictions on the government, such as blockades, urging the government to focus on reflex trades that put an end to these restraints.

Investors are also waiting for answers to questions about the timing and size of the $ 1.9 trillion COVID-19 bailout package proposed by US President Joe Biden earlier this month.

Senate leader Charles Schumer is the first possible step in getting the package through a “reconciliation,” which could take place as early as the following week.

For some investors, the deployment of the COVID-19 vaccine and economic recovery are the keys to sustaining the recovery.

“In order for the reopening trade to really last, we need to show much broader participation across the market … The deployment of viral vaccines is the most important development that helps give confidence in the form of recovery.” Northern Trust (NASDAQ :) Chief Investment Strategist Jim McDonald told Bloomberg.

The Biden administration has indicated its intention to order more than 100 million doses each Pfizer Inc. (NYSE :) and Moderna Inc. (NASDAQ :) COVID-19 vaccine. It also speeds up shipments to the state, at least temporarily.

According to data from Johns Hopkins University, in terms of COVID-19, as of January 27, the number of cases worldwide has exceeded 100 million. The same data show that the death toll in the UK has exceeded 100,000.

Across the Atlantic, the Federal Reserve Board concludes the two-day policy meeting and communicates its policy decisions later in the day. Federal Reserve Board Chair Jerome Powell is widely expected to maintain the central bank’s current dovish tone in his comments.

The United States will release a number of economic data on Thursday, including. , And the data will be released in 1 day.

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Asian stocks almost rise by Investing.com, focusing on US stimulus and Fed policy making

https://www.investing.com/news/stock-market-news/asian-stocks-mostly-up-focus-on-us-stimulus-and-fed-policy-decision-2399828 Asian stocks almost rise by Investing.com, focusing on US stimulus and Fed policy making

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