Asian stocks rally as progress in US stimulus underpins optimism
MSCI’s broadest index of Asia-Pacific shares outside Japan edges up and Japan’s Nikkei rallies
01 March 2021 - 07:34
Sydney — Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy and sent oil prices higher.
China’s official manufacturing PMI out at the weekend missed forecasts, but Japanese figures showed the fastest growth in two years. Investors are also counting on upbeat news from a raft of US data due this week including the February payrolls report...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.