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Shares across the Asia-Pacific region jumped following a resurgence on Wall Street and oil prices rose sharply over the next two years as traders reassured by signs that the Federal Reserve would continue to support economic recovery from the coronavirus epidemic.
In the evening of Asian trading on Tuesday, Japan’s Topix rose 3.1% and Australia’s S&P / ASX 200 rose 1.8 percent. India’s Sensex index rose 0.8% to record, while China’s CSI 300 shares in Shanghai- and Shenzhen cited index rose 0.5%.
The moves followed a return US shares On Monday, the S&P 500 closed 1.4%. US shares fell last week after the Federal Reserve spoke out loud, raising fears that rising interest rates could jeopardize the economy.
But speculation in the market was boosted Monday by a tip-off from Fed officials including President Jay Powell, who said in a statement on Tuesday that the central bank was “doing its utmost to support the economy as long as it completes recovery”.
John Williams, President of the Federal Reserve Bank of New York, he added that the American economy was not ready for the central bank to start repaying its loans.
Jean Boivin, executive director of the BlackRock Investment Institute, said “the Fed’s new ideas will not mean higher standards in the near future”.
“We can see that the market is volatile. . . but we encourage you to stay afloat and take care of any problems, ”added Boivin.
The S&P 500 futures rose 0.2% in Asian trading on Tuesday, while the London FTSE 100 rose 0.3%.
Prices, which were boosted last week during the global financial crisis, also rose. Brent, the world’s largest oil producer, rose 0.3% to $ 75.14 a barrel, crossing $ 75 for the first time since April 2019.
Brent ali more than 50 percent this year, underscoring the need for a strong Opec + next conference next week.
Bitcoin stabilized after a sharp fall in response to a warning from the People’s Bank of China on Monday that the country’s central banks and payment institutions should “investigate and identify” accounts that help to sell cryptocurrency funds and ban all such activities.
The cryptocurrency rate rose 1% to $ 32,881 on Tuesday but is down by 6.5% this month.
The bond market, which collapsed after the harvest, which moves differently from prices, rose on Monday when traders abandoned their government debt protection and returned to the stock market. US economic yields for 10 years were stable at 1.492% in Asian markets.
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