By Aditya Raghunath
Investing.com -- It looks like Nifty and BSE Sensex are going to trade higher three days in a row if financial markets across the world are any indication. Both benchmark indices have closed at new records in the last two days, and December 9 doesn’t look any different.
Two major news items in the US are driving global markets. The first one is that lawmakers are drawing closer to a conclusion on another round of a stimulus package to combat the economic impact of the virus as COVID-19 cases surge. The second is the Pfizer-BioNTech vaccine inching closer for approval in the country.
According to a Reuters report, "Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID-19 vaccines and ongoing efforts to launch more fiscal stimulus."
Crude oil and gold are both trading lower. Crude oil lost 0.31% and is at $45.46 because of a rise in US inventory. However, vaccine hopes might just cap losses. Gold is down 0.18% to $1,871.6 as vaccine rollouts are looking promising.
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