The Swiss Market Index is trading slightly lower at IG Bank at 0.17 percent.
The Asian stocks have on Wednesday Winnings given early. But hopes for additional US economic stimulus and Covid-19 vaccines supported market sentiment. Analysts believe the losses in global stocks are likely to be limited as major uncertainties about the outlook now ease.
“We had some positive news and a combination of optimism about the vaccine and stimuli from government and central bank remains,” said Michael McCarthy, strategist at CMC Markets. Pfizer and German BioNTech applied for approval of their vaccine candidate from the European regulatory authority on Tuesday. The competitor Moderna also applied for an emergency permit for the European market on Tuesday. In the USA, the debate about further economic aid will continue after the elections.
The Nikkei index comprising 225 values was 0.1 percent lower at 26,756 points. The broader Topix index rose 0.4 percent to stand at 1775 points.
The Shanghai stock exchange was 0.1 percent up. The index of the most important companies in Shanghai and Shenzen gained 0.2 percent. The MSCI index for Asian stocks outside of Japan rose 1.2 percent.
Im asian currency trading the dollar gained 0.1 percent to 104.40 yen and was down 0.3 percent to 6.5544 yuan. In relation to the Swiss currency, it was quoted 0.1 percent lower at 0.8990 francs. At the same time, the euro rose 0.1 percent to 1.2077 dollars and was barely changed at 1.0858 francs. The pound sterling stagnated at $ 1.3421.
Economic hope and further positive vaccine news have that Dow Jones Industrial gave a positive start to December on Tuesday. Initially, the leading index even managed to exceed the 30,000 points it had only reached the previous week, but it was unable to defend this level. In the end it was enough for an increase of 0.63 percent to 29,823.92 points.
Other important indices fared significantly better on Tuesday, with them even reaching record highs. The market-wide S&P 500 ultimately rose 1.13 percent to 3,662.45 points, while the technology-heavy selection index Nasdaq 100 advanced 1.52 percent to 12,455.33 points.