Stocks Climb, Dollar Stays Lower on Vaccine Boost: Markets Wrap
(Bloomberg) — Asian stocks rose Tuesday after a boost to the U.S. vaccination drive allayed some concerns over the delta strain’s economic impact, lifting Wall Street. The dollar held a drop and oil steadied after surging.
MSCI Inc.’s Asia-Pacific share gauge climbed for a second day, aided by jumps in Japan as well as Chinese technology stocks, with South Korea also advancing. Equities in China overall posted a modest gain after the central bank in a statement called for more credit support for the real economy.
U.S. futures nudged higher after American equities extended a rebound on full approval for the Pfizer Inc.-BioNTech SE shot, which raises the prospect of more vaccine mandates to underpin economic reopening.
Commodities held a surge — including oil’s biggest jump in nine months overnight in New York — in a return of the reflation trade linked to the recovery from the…