US stimulus


Reflation trade reflects economic optimism

Reflation trade reflects economic optimism

(ATF) Hong Kong: Asian markets were in the throes of the reflation trade rally, but inflation worries kept investors on the edge as copper prices rose to 9-1/2 year highs and oil extended gains.This in turn was reflected in elevated bond yields with the 10-year US Treasuries hovering around 1.36%, …

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Markets this week: Asian PMI, GDP, trade data in focus

Markets this week: US stimulus and Asian PMI, GDP, trade data

Economic events(ATF) Financial markets this week will focus on the delivery of the US stimulus after benchmarks struck records last week on economic recovery hopes – the S&P 500 and Nasdaq set record closing highs, copper struck 8-year peaks, Japan’s Nikkei struck 30-year highs and China’s CSI300 is at its …

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Vaccine, US stimulus progress lifts sentiment

Vaccine, US stimulus progress lifts sentiment

(ATF) Hong Kong: Investors piled into risk markets on expectations of a speedy passage of the $1.9-trillion stimulus package, while continued rollouts of vaccines and slowing infections gave hopes of a global economic rebound. US Treasury Secretary Janet Yellen said in a CNN interview the world’s biggest economy could see …

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Asian markets up before US Senate passes Biden's huge stimulus bill

Asian markets up before US Senate passes huge stimulus bill

(ATF) Hong Kong: Asian markets advanced amid growing hopes that US President Joe Biden’s bid to fast-track a $1.9 trillion stimulus package will succeed with progress in vaccine distribution also lifting sentiment.Oil spiked to near year highs as economic recovery hopes and expectations of supply curbs by producer group OPEC …

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Fast stimulus payments processing pushes digital banking adoption in US

Fast stimulus payments processing pushes digital banking adoption in US

(Reuters) Digital banks including Chime, Varo and Current have won over more US customers during the coronavirus pandemic by processing stimulus payments quickly, setting them apart from traditional banks and generating valuable word-of-mouth referrals.In some cases, the companies pre-funded deposits they expected their customers to receive from the Treasury Department. …

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Vaccine setbacks and virus spike spook markets

Vaccine setback, virus spike spooks markets

(ATF) Hong Kong: Asian markets were broadly lower after an impasse in the US stimulus package and following setbacks in two vaccine programmes that reminded investors that the road to normal economic conditions could be long and arduous.Democrat House Speaker Nancy Pelosi said Republicans in the US Congress and the …

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Stimulus, vaccine progress lifts sentiment

Stimulus, vaccine progress lifts sentiment

(ATF) Hong Kong: Asian markets roared back on more positive news on the vaccine front while the improving chances of a further US stimulus package also lifted sentiment.A report by the US Food and Drug Administration said the coronavirus vaccine made by Pfizer and its German partner BioNTech SE is …

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This week: China-US friction; Asia's big three economies in focus

This week: China-US friction; Asia's big three economies in focus

(ATF) Economic eventsInvestor sentiment will remain upbeat driven by US stimulus hopes after US non-farm payrolls increased by a less-than-forecast 245,000 in November from the previous month, as the unemployment rate dipped to 6.7%.But risk appetite could also be crimped by the growing friction between the world’s two biggest economies …

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Investors turn watchful ahead of US elections

Investors turn watchful ahead of US elections

(ATF) Hong Kong: Investors are tentatively pricing in a Democrat win at the US elections, while expecting a generous US stimulus package early next year. As the presidential campaign heats up, financial markets are cautious about extending positions moving in a narrow range. Japan’s Nikkei 225 index edged up 0.18% …

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Fading hopes of US stimulus roils markets

Fading hopes of US stimulus roils markets

(ATF) Hong Kong: Further delays in the US economic stimulus pressured financial markets and investors are now pushing back their expectations of an agreement on the package till after the November 3 elections.Meanwhile, the pandemic’s rapid spread in the US and Europe continues to trigger concern about the economic revival …

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