US yields send Asian equities lower - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
Santa-Boris arrives just in time
December 24, 2020SharePrint
Financial markets picked themselves up and dusted themselves of overnight, after a torrid week. Sentiment improved after headlines started appearing that the United Kingdom and European Union have finally reached a provisional Brexit trade agreement. In the United States, weekly Jobless Claims fell to just over 800,000, a much lower fall than forecast, although personal spending and income fell more than expected as Covid-19 extracted its pound of flesh.
President Trump pardoned his son-in-law’s dad, vetoed the defence spending bill, and threatened to veto the combined fiscal stimulus/government funding bill for 2021. His main gripe is that the direct payments to Americans were too small. Asian markets completely ignored the latter news yesterday, much to my surprise, and European and North American markets did much the same. The developments have sent Congressional representatives scrambling to vote for bigger cheques