Registration with the Sri Lanka FINANCIAL CHRONICLE

All information contained in this forum is subject to Disclaimer Notice published.
Thank You
FINANCIAL CHRONICLE

www.srilankachronicle.com
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute
Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute
This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.
Contribute
This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.
Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.
Contribute
AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
B
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
C
CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
COLOMBO FORT LAND & BUILDING PLC
COMMERCIAL CREDIT AND FINANCE PLC
D
DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
E
F
G
H
HAYLEYS FABRIC PLC
HVA FOODS PLC
J
JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
L
LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
M
N
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
O
P
PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
R
RICHARD PIERIS AND COMPANY PLC
RICHARD PIERIS EXPORTS PLC Hot
ROYAL CERAMICS PLC
S
SOFTLOGIC LIFE INSURANCE PLC
SRI LANKA TELECOM PLC
T
TESS AGRO PLC
TOKYO CEMENT COMPANY (LANKA) PLC Hot
U
V
VALLIBEL ONE PLC Hot
W
Rational Investor likes this post
Riz123 likes this post
@Rational Investor wrote:[size=34]Asian markets, risk assets ride up on vaccine hopes[/size]
SYDNEY (Reuters) - Asian shares jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite while the euro rose to a four-month top on the prospect of stimulus ahead of a crucial EU summit.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 1.2%, edging closer to a recent five-month peak.
Japan's Nikkei (N225) added 1.5% to the highest since June 10 while Australia's benchmark index was up 1%. Chinese shares gained modestly with the blue-chip CSI300 index (CSI300) ticking up 0.3%.
E-mini futures for the S&P 500 rose 0.8%.
Risk appetite was boosted by Moderna Inc's (O:MRNA) experimental vaccine for COVID-19 which showed it was safe and provoked immune responses in all 45 healthy volunteers in an ongoing early-stage study.
On Tuesday, the Dow Jones Industrial Average (DJI) rose over 2%, while the S&P 500 (SPX) gained 1.34% and the Nasdaq Composite (IXIC) climbed 0.94%. (N)
"... the vaccine is more than a show stopper. It's the ultimate recession stopper," said Stephen Innes, markets strategist at AxiCorp.
The stock surge came despite lingering bad news about the coronavirus and after three U.S. states reported new record daily deaths from the pandemic, while tensions continued to grow between the United States and China.
"Although a mismatch between financial markets and the real economy remains in full effect, the removal of a single recessionary input (the virus) via a vaccine can pave the way for fast economic recovery," Innes added.
"So, the positive news on the vaccine can go a long way to explain the dissonance between the shift in the stock market sentiment relative to the angst on Main Street."
Simmering tensions between the United States and China also loom large, after U.S. President Donald Trump signed legislation and an executive order to hold China "accountable" for the national security law it imposed on Hong Kong.
The dollar was on the defensive, particularly against risk-sensitive currencies, following news of progress in vaccine development.
The euro (EUR=EBS) rose to as high as $1.1423, its strongest since March 10 and not far off its peak so far this year of $1.1495.
The single currency has been helped by hopes the European Union could agree at its summit later this week on a rescue financing package that will limit the economic damage to the bloc from the coronavirus pandemic.
The euro's strength helped to push the dollar index (=USD) to 96.056, a one-month low.
The yen was little moved at 107.27 per dollar , off a two-week high of 106.635 ahead of the Bank of Japan's policy announcement later in the day where it is expected to keep monetary policy steady.
The risk-sensitive Australian dollar rose 0.5% to $0.7009 .
There were still signs of wariness among investors, as yields on leading U.S. and euro zone government debt fell and safe-haven gold prices solidified gains above $1,800 an ounce.
Spot gold rose to $1,809 an ounce.
Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories. Brent crude (LCOc1) futures were up 10 cents at $43 a barrel, and U.S. crude (CLc1) futures rose 14 cents to $40.43 a barrel. [O/R]
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
Permissions in this forum:
You cannot reply to topics in this forum