Investors have been encouraged by Biden’s ambitious plan for over 2 trillion dollars which should give an impetus to infrastructure.
Furthermore, the manufacturing sector also exploded in Europe in March, sending out signs of optimism about a more generalized and vaccine-fueled recovery.
It should be noted that today Good Friday for the Easter holidays, the main ones markets worldwide, including the US, UK, Hong Kong, India, Singapore, are closed.
Markets today: Asia awakens positive
The stocks in Japan they rose in trading on Friday afternoon after the S&P 500 index hit a record close overnight on Wall Street.
The Nikkei 225 jumped from1,46% in afternoon trading, while Softbank Group shares rose by 4,54%. The Topix index rose 0.62%. In South Korea, the Kospi grew by 0.5%.
Mainland Chinese equities also rallied. The Shanghai composite was up 0.43% while the Shenzhen component gained 1.164%.
USA: record night on the stock market
The novelty of the Biden plan drove US optimism and US power equity indices hit record levels overnight.
L’S&P 500 crossed the 4,000 mark for the first time and jumped by1,18% to a new closing record of 4,019.87. Even the Nasdaq Technological composite has risen by1,76% closing its trading day at 13,480.11, while the Dow Jones Industrial Average rose 171.66 points to close at 33,153.21.
I Treasury securities they rebounded after the worst quarter in decades with 10-year yields dropping below 1.7%. The dollar has retreated.
The Petroleum rose after theOPEC + alliance has decided to gradually increase production.
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