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Asia seeing green after Aussie GDP - MarketPulse


Asia seeing green after Aussie GDP
March 3, 2021SharePrint
Asia equities rally on vaccines and Australian GDP
Equity markets are experiencing a wax on, wax off week, tail-chasing short-term momentum of whichever story carries the most weight on the day. Yesterday it was bubbles, which saw equity markets unwind part of the impressive rallies seen on Monday. The S&P 500 fell 0.81%, the Nasdaq plunged 1.60%, and the Dow Jones eased by 0.46%.
US vaccine manufacturing progress and an impressive Australian GDP print which was higher than expected has lifted animal spirits today, though. US index futures have recovered in Asian trading, with the S&P and Dow futures rising 0.35%, and the Nasdaq futures rising 0.55%. ....

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Asian equities move modestly higher - MarketPulse


Asian equities move modestly higher
March 2, 2021SharePrint
Asian equities move modestly higher
US markets played catchup to the Asian rally overnight, posting very impressive results overnight. The S&P 500 rose by 2.38%, the Nasdaq leapt 3.01%, and the Dow Jones rallied by 1.95%. Some profit-taking is evident in Asia, though, with the markets taking a breather. The futures on all three indexes lower by between 0.20% and 0.30%.
Having led the world higher yesterday, by virtue of being the first region to open, Asian markets are only recording modest gains today, not helped by the US index futures also easing slightly. The exceptions are South Korea and Taiwan, who were on holiday yesterday. The Kospi has jumped by 1.86%, and Taipei is 1.60% higher. On Tuesday, South Korean and Taiwan Manufacturing PMI’s rose further into expansionary territory. ....

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