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Asian stock markets rose, but oil and the dollar fell Rising Covid-19 cases in China raise fears of further lockdowns It could slow the reopening of the world’s second-largest economy.
The Tokyo Stock Exchange is closed on Labor Day in Japan.
It appears that European stocks are poised to follow the Asian rally, with Euro Stoxx 50 futures up 0.33%, German DAX futures up 0.27% and FTSE futures up 0.16%. US stock futures, S&P 500 e-minis, fell 0.07%.
Wall Street closed higher yesterday, supported by positive corporate results, in a nearly deserted market on the eve of the Thanksgiving holiday.
The Dow Jones rose 1.18% to 34,098.10 points, the Nasdaq with strong technological colors rose 1.36% to 11,174.41 points, and the S&P 500 rose to 4,003.58 points. Crossing the 4,000-point mark for the first time since September.
