HONG KONG – Hopes that US lawmakers would pass Joe Biden’s huge stimulus package helped push Asian markets higher again Monday, while traders were also cheered by falling infection rates and the rollout of vaccines.
After a rout at the end of January, the global rally across equities appeared to be back on track, despite concerns that valuations may have become a little too frothy.
A well-below-forecast jobs report out of the US ramped up expectations that Congress would pass Biden’s $1.9 trillion spending bill in the next few weeks.
Figures showed the economy created less than half the jobs than expected last month, which analysts said reinforced the need for a ne…
Keep on reading: Asian markets track Wall St records on stimulus optimism