BEIJING – (AP) – Global stock markets and US. Futures rose on the Monday of the first day of trading in 2021, compounded by optimism over coronavirus vaccines after Wall Street ended the year at a new high

Optimism about vaccines has outweighed concerns over rising infection rates in the US and some other countries and the conflict over economic aid in Washington, Axi’s Stephen Innes said in a report

Traders “may be a little overzealous,” but believe vaccines “provide the ultimate economic kick-start and give corporate profits a massive boost,” said Innes

In early trading, the FTSE 100 in London rose 15% to 655613, while the DAX in Frankfurt added 1% to 1386971 The CAC 40 in France won 14% to 562805

On Wall Street, futures for the benchmark index S&P 500 and Dow Jones Industrial Averages were 04% higher

On Thursday the S&P rose by 06% on the last trading day of 2020. It ended the year up 163% or a total return of approx 184% with dividends

In Asia, the Shanghai Composite Index rose 09% to 3 on Monday50296 and the Hang Seng in Hong Kong added 09% to 2747281

The Nikkei 225 in Tokyo lost 07% to 2725838 after Prime Minister Yoshihide Suga said a state of emergency for the Japanese capital and three surrounding prefectures was being considered due to the increasing number of viruses

Suga urged restaurants and bars to close at 8 p.m. and said it would be difficult to restart a travel promotion program that was suspended last month, saying the government will accelerate coronavirus vaccine approval and begin delivering in February begin by injections

The Kospi in Seoul rose 25% to 294445 and Sydney’s S&P-ASX 200 added 15% to 668420

Vaccine development by US.European and Chinese producers have contributed to optimism that a return to normal could be nearer after the worst downturn in the global economy since the 1930s

The US and UK have Pfizer IncThe vaccine and Britain approved a second vaccine from AstraZeneca and Oxford University China has given the green light to its first domestically developed vaccine Others are being tested

Governments may be less stimulating than last year, but politics are “still in a very easy environment,” which is helping stock prices and lending, JP Morgan Asset Management’s Kerry Craig said in a report / p>

“Investors should watch the bumpy start to the new business cycle and focus on the improved earnings outlook,” said Craig

Benchmark US. Crude oil soared 95 cents to $ 4947 a barrel in electronic trading on the New York Mercantile Exchange The contract rose 12 cents Thursday to $ 4852 Brent crude, which is valued at international oils, added $ 116 to $ 52 96 a barrel in London It rose 17 cents in the last session to $ 5180

The dollar fell to 10280 yen from 103 on Thursday27 The euro rose to 1 dollar2282 from $ 1 2211

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World News – FI – Global stocks rise after Wall Street hits new highs in 2020

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