(Corrects typographical error in paragraph 6)
* U.S. stock futures reverse early losses after Trump's tweet
* Source says Trump has signed $2.3 trln spending package
* 2020 asset performance http://tmsnrt.rs/2yaDPgn
By Hideyuki Sano
TOKYO, Dec 28 (Reuters) - Global shares ticked up on Monday as a source said U.S. President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.
U.S. S&P futures EScm1 last traded up 0.4%.
The futures had earlier reversed losses after a cryptic tweet by Trump - "Good news on Covid Relief Bill. Information to follow" - helped offset worries about further delay in stimulus spendings. source later said he had approved the bill Nikkei .N225 inched up 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2%, though trade is slow with many markets still closed for holiday.
"It is positive for markets that we no longer have a chaos over stimulus, considering there was a chance of a partial government shutdown," said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset Management.
"But on the other hand, markets have talked about that stimulus for a long time and I would say most of it has been already priced in."
Trump had refused to sign into law the pandemic aid and spending package that the Congress has passed, demanding stimulus checks for struggling Americans be increased. threat to not sign the package had already shuttered an emergency unemployment aid programme and threatened a partial federal government shutdown at midnight on Monday. bond yields edged up in its first trade after Christmas, with the 10-year U.S. Treasuries yield up 0.6 basis point at 0.930% US10YT=RR .
The rollouts of COVID-19 vaccines are also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday. offset alarms over a new highly infectious variant of the virus that has been raging in the south-east of England and was confirmed in many other countries, including Japan, France and Canada, over the weekend. currencies were little changed.
The British pound changed hands at $1.3565 GBP=D4 , not far from a 2-1/2-year high of $1.3625 hit earlier this month after Britain and the European Union reached an agreement on trade framework after Brexit.
Bitcoin extended gains over the weekend to reach a new high of $28,377.94 BTC=BTSP before stepping back to $26,457.32, bringing the total value of the cryptocurrency in circulation to over $500 billion.
Oil prices edged down a tad, with U.S. crude futures CLc1 down 0.8% at $47.85 per barrel. O/R
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates in 2020
http://tmsnrt.rs/2egbfVh 2020 asset performance
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.