2020: Asian Shares Open Higher on New Chinese Monetary Policy

2020: Asian Shares Open Higher on New Chinese Monetary Policy

$MSCI, $DAX, $FTSE, $SPY

Asian shares kicked off Y 2020 on a strong note Thursday, driven by Chinese markets after Beijing eased monetary policy to support its slowing economy.

Investors cheered news that the United States and China will sign a trade pact on 15 January after months of negotiations between the world’s 2 largest economies.

European equities were set to follow Asia higher in their 1st trading session of the new decade. Pan-region Euro Stoxx 50 futures STXEc1 rose 0.62% and FTSE futures FFIc1 were up 0.31%, though German DAX futures FDXc1 fell 0.18%.

US stock futures also suggest a bright start on Wall Street, with S&P 500 e-minis ESc1 up 0.28%.

MSCI’s broadest index of Asia-Pacific shares sans Japan .MIAPJ0000PUS rose 0.43%, after rising 5.6% in December

Have a terrific New Year Holiday week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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