Asian shares rise as investors pin hopes on pandemic peaking [Reuters]
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Source: Reuters
Asian shares rise as investors pin hopes on pandemic peaking TOKYO/WASHINGTON (Reuters) - Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures to support their economies, while expectations of a deal to cut oil production bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.9%, following a strong Wall Street close. U.S. stock futures were flat after bouncing in and out of positive territory. Shares in China, where the novel coronavirus first emerged late last year, rose 0.42%. Australian shares were up 2.54%. The improved mood is seen extending to Europe, where Euro Stoxx 50 futures were up 0.85%, German DAX futures rose 1.04%, and FTSE futures gained 1.08%. Oil prices extended gains on hopes major producers will cut output at a meeting later in the day in response to a collapse in global oil demand. New York Governor Andrew Cuomo said the state’s efforts at soci
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