Asian and US stocks grow on the new wave of optimism
Asian stocks edged higher on May 26. At the same time US stocks climbed as well, despite US-China tensions.
Nikkei added 1.7% and reached its highest position since the first days of March. MSCI’s Asia-Pacific index gained 1.6%, KOSPI earned 1.5%. CSI 300 climbed 0.8%, following the statement of the national central bank about reinforcing its policy and cutting interest rates further.
E-Minis for the S&P 500 gained 2%, breaching 3000 points mark. European STOXX 50 futures went up 0.98%, FTSE futures added 2.2%.
The growth negated earlier losses, which were caused by the new clash of the United States and China over Hong Kong.
The investors are once again optimistic about economic reopenings around the world. Travel restrictions are being lifted as well. Germany is, reportedly, planning to cancel warnings for tourist travel to over thirty countries on June 15, if the pandemic is successfully subdued.