World News – FI – Single Stock Futures to trade higher before the first opening bell of 2021

January 4, 2021

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US. Stock futures rose higher after trading in negative territory on the Monday before the first opening bell of 2021 on Wall Street

On Wall Street, the benchmark index S&P 500 rose 06% to a high of 375607 on Thursday, the last trading day of 2020. It ended the year up 163% or a total return of approx 184% with dividends

The Dow Jones Industrial Average rose 07% to a record of 3060648 The Nasdaq Composite added 0% to 1288828

Vaccine development by US.European and Chinese producers have helped fuel investor optimism that a return to normal may be closer 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 approved its first domestically developed vaccine Others are being tested

US. Stock futures rose higher after trading in negative territory on the Monday before the first opening bell of 2021 on Wall Street (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

Governments may not be able to stimulate their economies as much as they did last year, but politics are “still in a very easy environment,” which is helping stock prices and lending, said Kerry Craig of JP Morgan Asset Management in one Report

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

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

Meanwhile, Asian stock markets also showed gains on Monday for the first day of trading in 2021, fueled by optimism about coronavirus vaccines after Wall Street hit a new high after the end of the year

The Shanghai Composite Index gained 08% to 349902 and the Hang Seng in Hong Kong rose 05% to 2736610

The Nikkei 225 in Tokyo declined 07% to 2724314 after Prime Minister Yoshihide Suga said the government was considering declaring a state of emergency in the Japanese capital and three surrounding prefectures 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 24% to 294311 and Sydney’s S&P-ASX 200 added 15% to 668420

India’s Sensex opened less than 01% at 4792324 Singapore and Jakarta also advanced, while Bangkok refused

Benchmark US. Crude oil rose 56 cents to $ 4908 a barrel in electronic trading on the New York Mercantile Exchange The contract rose 12 cents Thursday to $ 4852 Brent crude, which is valued for international oils, raised the price 67 cents to US $ 52 -Dollar47 a barrel in London It rose 17 cents in the last session to 51 Dollar80

The dollar fell to 10303 yen from 103 on Thursday27 The euro rose to 1 dollar2254 from $ 1 2211

Offers are displayed in real time or delayed by at least 15 minutes. Market data from Factset Supported and implemented by FactSet Digital Solutions Legal statement Investment fund and ETF data provided by Refinitiv Lipper