Asian shares kept their momentum, extending their winning streak for nine consecutive sessions on Tuesday. Moreover, oil prices advanced as lockdown easing in many countries made investors enthusiastic over a relatively fast economic recuperation.
MSCI’s broadest index of Asia-Pacific shares outside Japan has retained its performance, adding another strong session to its longest winning streak since early 2018. It advanced 1% at three-month highs and has soared 35%, recovering from four-year lows monitored in March.
Euro STOXX 50 futures STXEc1 advanced by 0.4% and DAX futures FDXc1 jumped by 0.3%, indicating that European markets were on course for a positive finish. U.S. S&P 500 futures Esc1 eased 0.15%.
Increased level of optimism for equity markets came last week after U.S. jobs data revealed an unexpected decline in unemployment. This drove Wall Street up as Nasdaq.IXIC closed at a record level on Monday.