GLOBAL EQUITY MARKET OF 9th March 2021

Asian shares were traded mixed on Tuesday, cheered by the imminent passage of the U.S. stimulus package, although that optimism was tempered by worries about inflation and the corona virus pandemic.

In Asia, the straits times gained 1.22%, Nikkei 225 surged 0.99%, SGX Nifty rose 0.90%, Hang sang was up 0.81%, set composites surged 0.44% while shanghai composite lost 1.82%, Jakarta composites fell 0.78%, Kospi plunged 0.67%.

European market extended gains on Tuesday as gains in shares of oil and utility companies helped counter losses in miners.

In Europe, the FTSE surged 0.55%,the DAX rose 0.34% and the CAC was up by 0.16%.

U.S. equity futures surged, signalling a recovery for tech stocks a day after the Nasdaq 100 entered a correction. Government bonds across developed markets rose before a series of Treasury auctions that could renew volatility.