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GLOBAL MARKETS Global shares edge up on news Trump signs aid bill




TOKYO, Dec 28 (Reuters) – Global stocks rose on Monday as a source said U.S. President Donald Trump signed into law a $2.3 trillion pandemic relief and spending bill that he had so far refused to sign.

US S&P futures last traded up 0.4%.

Futures previously reversed losses after a cryptic tweet from Trump – “Good news on the Covid relief bill. Information to follow” – helped offset concerns about a further delay in stimulus spending.

A source later said he had approved the bill read more.

The Japanese Nikkei (.N225) edged up 0.4%. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.2%, although trading was slow with many markets still closed for the holidays.

“It’s positive for the markets that we don’t have more chaos on the stimulus, given that there was a possibility of a partial government shutdown,” said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset Management.

“But on the other hand, the markets have been talking about this stimulus for a long time and I would say most of it has already been priced in.”

Trump had refused to enact into law the pandemic relief and spending package that Congress passed, demanding that stimulus checks for struggling Americans be increased. Read more

Trump’s threat not to sign the package had already shut down an emergency unemployment assistance program and threatened a partial federal government shutdown at midnight Monday. Read more

US bond yields rose slightly in their first post-Christmas trade, with the yield on US 10-year Treasuries rising 0.6 basis points to 0.930%.

Deployments of COVID-19 vaccines are also boosting hopes of greater economic normalization next year, with Europe launching a mass vaccination campaign on Sunday. Read more

It offset alarms about a new, highly infectious variant of the virus that has been raging in south-east England and has been confirmed in many other countries, including Japan, France and Canada, over the weekend. -end. Read more

Major currencies changed little.

The euro was trading at $1.2204, slightly below its 2.5-year high of $1.22735, while the yen changed hands at 103.56 to the dollar.

The pound changed hands at $1.3565, not far from a 2.5-year high of $1.3625 hit earlier this month after Britain and the European Union struck a deal. agreement on the post-Brexit trade framework.

Bitcoin extended its gains over the weekend to hit a new high of $28,377.94 before falling back to $26,457.32, bringing the total value of the cryptocurrency in circulation to over $500 billion. .

Oil prices fell slightly, with U.S. crude futures down 0.8% at $47.85 a barrel.O/R

Additional reporting by Tomo Uetake; Editing by Himani Sarkar

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