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SYDNEY (Reuters) – Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington, while oil prices rose on heightened tensions in the Middle East. FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan December 30, 2020. REUTERS/Issei Kato MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.4% to 736.4. Japan’s Nikkei climbed 1.1%, despite data showing the country’s recovery from its worst postwar recession slowed in the fourth quarter. Australia’s benchmark index added 0.9% while E-mini futures for the S&P 500 were up 0.3% in early Asian trading. China and Hong Kong markets are shut for the Lunar New Year holiday. U.S. stock markets will be closed on Monday for the Presidents Day holiday. The highlight of the week will probably be minutes of the U.S. Federal Reserve’s January meeting, where policymakers decided to leave rates unchanged. Data on inflation is due from the UK, Canada and Japan while Friday will see major economies including the […]
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