{"id":111992,"date":"2021-02-09T22:57:57","date_gmt":"2021-02-09T22:57:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111992"},"modified":"2021-02-09T22:57:57","modified_gmt":"2021-02-09T22:57:57","slug":"european-shares-set-to-follow-asian-peers-higher-2","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/european-shares-set-to-follow-asian-peers-higher-2\/","title":{"rendered":"European Shares Set To Follow Asian Peers Higher"},"content":{"rendered":"
European stocks are likely to open higher on Wednesday amid optimism that increased government spending around the world and concerted efforts to accelerate vaccine rollout will boost global growth. <\/p>\n
The U.S. Senate took steps on Tuesday to open the door for Democrats to push through the Covid-19 rescue package on their own, but bipartisanship was absent.<\/p>\n
The rollout of vaccines in many countries is gathering pace, with Russia announcing it would be able to vaccinate 700 million people with the Sputnik V coronavirus<\/span> jab this year.<\/p>\n Mexico plans to import about 870,000 doses of AstraZeneca’s Covid-19 vaccine from India in February. Elsewhere, White House Covid coordinator Jeff Zients said that 6,500 pharmacies will receive 1 million doses starting next week.<\/p>\n Asian markets<\/span> remain mostly higher after tech giants Alphabet Inc and Amazon.com Inc reported better-than-expected earnings. <\/p>\n Chinese and Hong Kong markets were fluctuating as the People’s Bank of China drained some funds from the financial system and a private sector survey showed China’s services sector activity grew at its slowest pace in nine months in January.<\/p>\n The dollar held near two-month high against the euro while the U.S. Treasury yield curve continued to steepen in Asian trade amid signs that government around the world are poised to increase spending.<\/p>\n Oil extended gains after closing at the highest level in more than a year on expectations global oil stocks will fall back to more normal levels this year.<\/p>\n Flash consumer price data and final composite Purchasing Managers’ survey results are due from euro area later in the session, headlining a busy day for the European economic news.<\/p>\n Across the Atlantic, trading may be impacted by reaction to reports on private sector employment and service sector activity.<\/p>\n The Bank of England will unveil its monetary policy decision on Thursday, while the all-important U.S. payrolls report for January will be released on Friday.<\/p>\n U.S. stocks posted strong gains overnight as concerns over a speculative trading mania eased and investors kept a close watch on progress in stimulus talks. <\/p>\n The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite both climbed around 1.6 percent, while the S&P 500 added 1.4 percent.<\/p>\n European markets rose for a second day running on Tuesday amid optimism about additional U.S. stimulus and a likely momentum in vaccination rollout.<\/p>\n The pan European Stoxx 600 gained 1.3 percent. The German DAX rallied 1.6 percent, France’s CAC 40 index surged 1.9 percent and the U.K.’s FTSE 100 advanced 0.8 percent. <\/p>\n