Asian equities were set to open higher on Thursday after stronger U.S. economic data and the prospect of additional U.S. stimulus prompted sharp, and broader, gains on Wall Street, while the dollar extended its upward move.
"Equity bulls will love the fact that the market was up quite strongly" on Wednesday, rather than selling off on higher real bond yields and a stronger dollar, said Chris Weston, Head of Research at the Pepperstone Group. New data on Wednesday showed U.S. private employers hired fewer workers than expected for a second straight month in August, suggesting that the labor market recovery was slowing as the coronavirus pandemic persists and as government money to support workers and employers dries up.
The mixed data may have added to expectations for Washington to reach a deal on new stimulus to counteract the pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zuckerberg, Chan to donate US$300 million for US elections to deal with COVID-19 pandemicFacebook Inc Chief Executive Officer Mark Zuckerberg and his wife Priscilla Chan will donate US$300 million to help the U.S. election process deal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks edge lower after Wall Street dips in month-end tradeAsian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Siam Cement Group Packaging leads Southeast Asian firms eyeing October IPOsSINGAPORE/HONG KONG - Thailand's Siam Cement Group Packaging's initial public offering (IPO) is looking to raise 50% more than a previously targeted $1 billion, boosted by higher valuations, sources with knowledge of the matter said.
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore stocks tipped to beat Asian peers on cyclical rebound from pandemicSINGAPORE (BLOOMBERG) - Stocks in Singapore appear to be the best-placed in Asia Pacific to benefit from a potential cyclical recovery and success in finding a cure for the coronavirus, analysts say.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Tesla to raise up to US$5 billion in share offeringREUTERS: Tesla Inc said on Tuesday it plans to raise up to US$5 billion through a share offering. (Reporting by Akanksha Rana in Bengaluru; ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla launches US$5 billion capital raise after share surgeTesla Inc unveiled its biggest program of new share sales in a decade as a public company on Tuesday, seeking to cash in on soaring Wall Street ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »