Benchmarks were higher in Tokyo, Seoul and Hong Kong but slipped in Shanghai. World markets were subdued on Monday, with U.S. exchanges closed for a holiday.
"The positive shift in investor optimism ahead of inauguration day is a clear signal the market is leaning towards an early stamp of approval on the Biden administration policy agenda," Stephen Innes of Axi said in a commentary. While Democrats have endorsed the effort, many Republican lawmakers have expressed concerns about the price tag given soaring federal budget deficits.
Adding to the sense of urgency, coronavirus outbreaks have been gaining even as states work to get COVID-19 vaccines into the arms of as many people as possible.
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