- S&P 500 Futures rise for the second day in a row as markets await the results of the Georgia elections.
- Early exit searches highlight very close to the call results.
- US-China stories and vaccine news offer intermediate entertainment amid a light calendar in Asia.
S&P 500 Futures rose to 3,733, up 0.40% intraday, during the start of Wednesday. The risk barometer benefited from the hopes of coronavirus vaccines (COVID-19) and optimistic data from the US PMI the day before. However, the bulls are cautiously optimistic at the time of the press, ahead of the main US election results, and retreat from risks at the start.
Although the New York Times initially suggested “tossing a coin” to predict the results of both Georgia Senate elections, recent updates indicate a major reversal in favor of Democrats for 59-44 counts. In addition, the markets quietly anticipate the Democratic victory and the long-awaited stimulus to remain positive.
Read: Georgia voters split equally over who should control the US Senate
Also on the bright side are updates from the UK Times, suggesting that millions of jealous vaccines will arrive in Britain soon. During the previous day, the US Food and Drug Administration (FDA) released a 95% success rate for major covid vaccines.
On the contrary, the President of the United States, Donald Trump, signed executive orders to interrupt business with eight Chinese applications. The New York Post previously cited the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, when transmitting that China is blocking investigations investigating the origins of the coronavirus (COVID-19). In addition, dozens of Hong Kong activists were reportedly arrested on Wednesday morning in Asia on various charges. In addition, Bloomberg mentioned: “The New York Stock Exchange is reconsidering its decision to stop the closure of three major Chinese telecommunications companies after Treasury Secretary Steven Mnuchin told the Big Board that he opposed the shocking announcement to grant companies a reprieve from the matter. “
Against this backdrop, Asia-Pacific equities remain at moderate offers, while 10-year US Treasury yields have increased 1.2 basis points to 0.97% so far.
Looking ahead, global markets will pay close attention to the election results in Georgia and applaud the Democratic victory. It should be noted that China’s Caixin Services PMI for December, expected 51.00 against 57.5 earlier, along with headlines related to the Chinese-American dispute and ambition will also direct the movements.