Stocks shrug off virus worries; ECB in focus

TheStar Thu, Jul 22, 2021 02:57pm - 2 years View Original


SINGAPORE: Asia's stock markets headed for their best day in two months on Thursday though growth-sensitive currencies struggled to rally, pointing to nagging doubts about the recovery as investors looked to the European Central Bank for their next cue.

MSCI's broadest index of Asia-Pacific shares outside Japan was last up just over 1%, its largest daily jump since late May, with markets green from Seoul to Sydney.

Japanese markets were closed for a holiday.

Asia's positive mood followed a rebound on Wall Street though S&P 500 futures were flat during the session suggesting the rally's momentum is fading. FTSE futures rose 0.1% and Euro STOXX 50 futures were up 0.4%.

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