02/12/2020 Asian stock markets shed early gains from a strong Wall Street lead on Wednesday, as investors/traders booked profits on a stellar run to record highs. Pfizer Inc. and partner BioNTech SE have sought regulatory clearance for their Covid-19 vaccine in the EU said they could start shipping the first doses within hours after approval. Crude oil drops with OPEC struggling for consensus on output. Gold was down on Wednesday morning with increasing optimism over U.S. talks on the latest stimulus measures. The JSE rose 0.73% to 57,509, almost the same level it reached in February the 19th /20th. The top 40 rose 0.74%. Naspers added 1% while Barloworld jumped 15% after earnings. IG. Markets – 108 points, looking forward to a softer start at the opening.
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European equities markets closed firm on the first day of the final month of 2020 as Chinese manufacturing data boosted sentiment, with autos, miners and banks leading gains.
The Stoxx Europe 600 Index was up 0.7% at the close, FTSE 100 index outperforming at 1.89% amid hopes of a Brexit deal within days, alongside the CAC-40 gaining 1.14%
US data showed a recovery in manufacturing activity lost momentum in November. All 11 S&P 500 sector indexes rose, with communication services up 2% and the leading gains.
The Dow rose 0.63% at the close, while the S&P 500 gained 1.13%. The Nasdaq Composite climbed 1.28%. All three main stock indexes gained more than 10% in November.
Dow futures, along with S&P 500 and Nasdaq 100 futures, were lower early Wednesday after the stock market rally set more record highs.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.06%, pulling back from last week’s all-time high. Australian stocks erased early gains to retreat 0.03%.
Shares in China fell 0.07%. Tokyo stocks marginally up 0.09%.