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Asian stocks set for gains after late rally on Wall Street

Bloomberg
Bloomberg6/26/2020 08:23 AM GMT+08  • 2 min read
Asian stocks set for gains after late rally on Wall Street
Asian stocks looked poised for gains after a late rally on Wall Street, as investors weighed the prospects for additional stimulus against the spike in U.S. virus cases.
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(June 26): Asian stocks looked poised for gains after a late rally on Wall Street, as investors weighed the prospects for additional stimulus against the spike in U.S. virus cases.

Futures in Japan and Australia pointed higher. S&P 500 contracts opened flat after a rally in the final hour of a choppy session left the index up about 1%. Treasuries and the dollar ended Thursday flat. Banks surged after regulators eased rules that will free up capital, though they slid after hours as the Federal Reserve told the biggest lenders they can’t increase dividends or buybacks for now. Investors also grappled with a mixed batch of economic data, with initial jobless claims topping estimates at almost 1.5 million.

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