Despite the ongoing rise in global virus cases, Asian equity markets saw their biggest daily rise in over two weeks overnight
A financial trader at his desk at CMC Markets in the City of London, Britain, on April 11 2019. Picture: REUTERS/PETER NICHOLLS
, aided by news that a vaccine being trialled by Pfizer and Germany's BioNTech had been well tolerated in early-stage human tests. In a sign the positive sentiment will extend, E-minis for S&P500 rose 0.8%, while bond markets were also favouring risk over safety. "A better-than-expected outcome could go some way to settling the near-term debate that the U.S. labor market will heal relatively quickly and justify new highs in U.S. equities," said Stephen Innes, strategist at AxiCorp.
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