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The New York Stock Exchange
Photo: John Angelillo / imago images / UPI Photo
Record optimism on the stock markets: Asian stocks followed the highs of Wall Street and rose to new highs on Thursday.
The smooth handover to the new US President Joe Biden ensured relaxation and fueled expectations for a comprehensive economic stimulus package in the USA.
Opposition Republicans in the US Congress have signaled that they will support Biden's planned aid worth $ 1.9 trillion.
The MSCI index for Asia-Pacific stocks excluding Japan rose 0.69 percent at the start of trading.
The Hong Kong Hang Seng gained 0.31 percent and exceeded the threshold of 30,000 points.
Australian stocks grew 0.7 percent.
The Japanese benchmark Nikkei index rose 0.72 percent and was less than one percent from a 30-year high.
The US stock market index S&P 500 rose less strongly under Trump than under Obama
On Wednesday, Wall Street set new records on the highly regarded US S&P 500 and Dow Jones index after Joe Biden was sworn in.
Even under his predecessor Donald Trump, the S&P 500 had grown - albeit less strongly than in the first term of his predecessor Barack Obama.
From Trump's inauguration on January 20, 2017 to Wednesday, the stock market barometer rose by around 68 percent, compared to 75 percent under Obama.
Even the narrower traditional index Dow Jones rose under Trump with 57 percent less strongly than the 65 percent in the first four years of the Obama administration.
Trump had repeatedly referred to the development of the US stock exchange as an indication of a successful economic policy.
The coronavirus pandemic broke out during his tenure.
New ECB monetary policy?
Good mood also with the Dax
With just under 14,000 points, the Dax is still a bit away from its all-time high two weeks ago at just over 14,100 points.
But on the day after the change of power in the United States, investors are also going into trading in good spirits.
But this is also due to the ECB: In anticipation of new indications of the monetary policy of the European Central Bank (ECB), the Dax will start higher on Thursday according to calculations by banks and brokerage houses.
On Wednesday it had increased 0.8 percent to 13,921.37 points thanks to the hope of a growth surge in the global economy, which was linked to the inauguration of the new US President Joe Biden on the stock exchanges.
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caw / Reuters / dpa
