Category Archives: Commodities

Asia stocks climb on vaccine, U.S. stimulus optimism

People Wearing Protective Face Masks, Following An Outbreak Of The Coronavirus, Are Reflected On A Screen Showing Nikkei Index, Outside A Brokerage In Tokyo

By Swati Pandey SYDNEY (Reuters) – Asian stocks rose on Wednesday as hopes of effective coronavirus vaccines and the growing prospect of more U.S. fiscal stimulus cheered investors ahead of the Christmas holiday season. MSCI’s broadest index of Asia Pacific shares outside of Japan added 0.6% after two straight days of losses. The index, hovering…

Oil rises on vaccine rollout, concern on Iraq oilfield attack

File Photo: Crude Oil Storage Tanks Are Seen In An Aerial Photograph At The Cushing Oil Hub

By Sonali Paul and Florence Tan MELBOURNE/SINGAPORE (Reuters) -Oil prices rose on Thursday, buoyed by a COVID-19 vaccine rollout in Britain and the imminent approval of a vaccine in the United States that could spur a rebound in fuel demand, despite a large build in U.S. crude stocks last week. U.S. West Texas Intermediate (WTI) crude futures…

Asian markets look to rise on vaccine, stimulus hopes

By Pete Schroeder (Reuters) – Asian markets were set to rise Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus. Australian S&P/ASX 200 futures were up 0.57% in early trading, while Japan’s Nikkei 225 were down 0.02%. Hong Kong’s Hang Seng index futures were up 0.42%. On Wall Street, stocks notched new record…