HONG KONG – Asian markets bounded higher again Friday after Wall Street got back to record-breaking ways, with investors growing increasingly optimistic about the economic outlook as vaccines are rolled out and virus rates slow.
Expectations that Joe Biden will be able to push through his vast stimulus for the US economy were also boosting confidence and helping equities put last week’s rout firmly in the rear-view mirror.
Data showing US unemployment claims had fallen to their lowest level since November added to the positive energy, following a forecast-beating jobs creation reading Wednesday and ahead of a key non-farm payrolls report later in the day.
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Keep on reading: Asian markets rally again as recovery bets pile up