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GLOBAL MARKETS-Asian stocks dip as investors curb vaccine enthusiasm

Published 15/12/2020, 10:56 am
© Reuters.
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* S&P 500 futures up slightly on mixed pandemic news

* Eyes on U.S. Congress for stimulus

* British pound lifted by extension of Brexit talks

* Asia stock markets this year: https://tmsnrt.rs/2zpUAr4

By David Henry

NEW YORK, Dec 14 (Reuters) - Asian stocks came under pressure on Tuesday following a mixed Wall Street session, as concerns about increasing COVID-19 deaths, infections and lockdowns overshadowed optimism about the start of coronavirus vaccinations.

Australian S&P/ASX 200 .AXJO lost 0.12% in early trading while {{178|Japan's NiNikkei 225 futures NKc1 fell 0.13%. E-mini futures for the S&P 500 EScv1 rose 0.21%.

The lackluster start to the Asian day comes after the S&P 500 .SPX closed down 0.4%, the Nasdaq Composite gained 0.5% and the Dow Jones Industrial Average hit a record high but fell back 0.6% for the day. first U.S. vaccination was given to an intensive care nurse on Monday, the same day the country passed the grim milestone of 300,000 lives lost. deaths in the U.S. are occurring at a record rate 2,462 per day on a seven-day average, according to a Reuters count. new waves of the pandemic forced Germany, the Netherlands and London back to stricter lockdowns while cases in Japan and South Korea also surged. traders said markets have already factored in optimism about vaccines.

"We've been trading off the same vaccine headlines for three or four months," said Dennis Dick, a trader at Bright Trading LLC. "This market is 100% relying on this vaccine."

Still, negotiators in the U.S. Congress appeared to be finally near an agreement on Monday on a massive government spending deal with a fresh round of aid to help the economy. foreign exchange markets, the British pound held its 1.2% gains against the dollar after the U.K. and Europe agreed to continue Brexit talks. pound was last up 0.04% to $1.3327 GBP= and the dollar continued to hover near two-year lows.

U.S. Treasury yields were relatively stable ahead of the Federal Reserve's two-day policy meeting on Tuesday. benchmark 10-year yield US10YT=RR on Monday afternoon was last at 0.898%, within last week's trading range. The yield curve steepened modestly with the spread between two-year and 10-year yields US2US10=TWEB rising to 77.9 basis points.

The Fed meeting is mostly expected to end with nothing more than refinements to its strategy of holding down interest rates to support the economy through the pandemic.

The Bank of England and the Bank of Japan also close out their 2020 meetings this week.

Gold prices slid on Monday in another day in which the prospects for vaccinations seemed to weigh on its appeal as a safe haven from economic trouble. Spot gold XAU= was 0.1% lower at $1,828.94 per ounce late on Monday.

Oil prices were little changed in choppy trading on Monday as persistent oversupply in the market largely offset hopes that a rollout of coronavirus vaccines will lift global fuel demand. Global assets

http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar

http://tmsnrt.rs/2egbfVh Emerging markets

http://tmsnrt.rs/2ihRugV MSCI All Country Wolrd Index Market Cap

http://tmsnrt.rs/2EmTD6j Asia stock markets:

https://tmsnrt.rs/2zpUAr4

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