By Katanga Johnson
WASHINGTON (Reuters) – Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safe-haven assets, including the dollar, were mixed.
Global investors spent the session digesting the rising number of COVID-19 cases and a chaotic U.S. presidential debate, while taking in better-than-expected U.S. private jobs data on the last day of a volatile quarter.
All three major indexes surged after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin expressed hope for a breakthrough in partisan stimulus negotiations.
But they pared gains after Senate Majority Leader Mitch McConnell warned the sides remain “far apart” in their talks.
“Between the U.S. presidential elections in a little over a month, uneven economic data and uncertainty over the COVID-19 impact … we may just see a drift in equity market pricing into Nov. 3,” said Peter