Asia Stocks Rebound

Asian stocks posted gains on Friday and US stocks futures also bounced, with increasing hopes for government spending around the world that will soften the impact of the pandemic with concerns about the increasing number of cases and the worsening tensions between Washington and Beijing.

pan-European Euro Stoxx 50 futures, German DAX futures, Britain’s FTSE futures all up 0.1- 0.2%. U.S. stock futures rose 0.2%.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.4%, while Nikkei slid 0.3% on concerns about rising virus infections in Tokyo.

Market experts said that investors rely on US policymakers for more stimulus as the world’s largest economy struggles to control the pandemic. Congress to begin discussing such packages next week, prompting closings in several states to control the spread of the virus.