AFP, Hong Kong :
Stock markets swung Tuesday as investors weighed the rollout of vaccines and hopes for US stimulus talks against soaring virus cases and China-US tensions, while the pound dipped with post-Brexit trade talks on a knife-edge.
With Britain planning to begin giving people the jab from Tuesday and the US preparing to approve inoculations soon, the disease continues to run rampant across the United States and Europe while also flaring up again in parts of Asia. The resurgence of the virus has already forced governments to reimpose lockdowns or strict containment measures, putting fresh pressure on the global economy, which has been ravaged this year.
After a blockbuster November, traders are now taking stock ahead of what many predict will be a bright 2021 that could see a strong economic rebound and market rally.
On Wall Street, the Dow and S&P 500 retreated from records, though the Nasdaq hit another all-time high with tech firms the main beneficiaries of stay-at-home orders.
Analysts said the next leg-up for equities would be news that US lawmakers had finally reached an agreement on a new rescue package for the battered economy.
