Investors send global stocks higher on vaccine hopes and stimulus goodies—but tech shares continue to lag
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Good morning, Bull Sheeters. European stocks are powering on in early trading on Thursday , lifted by fiscal stimulus spending measures and COVID vaccine breakthroughs. U.S. futures are off their lows, pointing to another positive open.
Let’s see where investors are putting their money.
- The major Asia indexes are mixed in afternoon trading, with Japan’s Nikkei up nearly 1%.
- The Chinese markets may be in the red, but the latest economic data looks solid. For a fourth straight month, China’s service sector, which represents roughly 60% of the economy, showed solid growth.
- The China-India tensions are heating up again as India drew up an updated list of banned Chinese tech. Popular apps from the likes of Tencent, Baidu and Ant