FTSE 100 LIVE: Asian stocks at two-week high as Donald Trump returns to White House | City & Business | Finance
Prospects for a fresh US stimulus package appeared to brighten following Trump’s departure from the US military hospital. Mr Trump returned to the White House on Monday after a three-night hospital stay and said he felt “real good”, though one of his doctors cautioned that he may not be out of the woods yet.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71 percent to a two week-high, led by Hong Kong. HSI climbed 0.88 percent Japan’s Nikkei .N225 also added 0.41 percent.
As well as Trump’s health, “there is also some market attention on whether the US Congress will pass the extra stimulus bill,” said Tai Hui, Chief Asia Market Strategist, J.P. Morgan Asset Management.
“If we do see some form of stimulus coming through, I think the market will take it in a positive light as much of the important support from the previous round has expired,” he said.
S&P 500 futures ESc1 rose 0.08 percent after the best daily gain on the S&P 500 index .SPX in a month overnight. Oil held sharp overnight gains.
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