MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after US stocks ended the previous session with negligible gains for the day. The index is down 3.6% so far this month.
Global shares edge up on news Trump signs aid bill
Reuters
TOKYO |
Updated on
× Global shares ticked up on Monday as a source said US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. US S&P futures last traded up 0.4 per cent.
The futures had earlier reversed losses after a cryptic tweet by Trump - Good news on Covid Relief Bill. Information to follow - helped offset worries about further delay in stimulus spendings. A source later said he had approved the bill.
Japan s Nikkei inched up 0.4 per cent. MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, though trade is slow with many markets still closed for holiday. “It is positive for markets that we no longer have a chaos over stimulus, considering there was a chance of a partialgovernment shutdown,” said Masahiro Ichikawa, chief strategistat Sumimoto Mitsui DS Asset Management.