European markets advanced with the pan-European Stoxx 600 added 0.5%. On the sectoral front, travel and leisure stocks climbed 1.5% to lead gains as almost all sectors and major bourses entered positive territory.
Further, U.S. Treasury yields rose slightly with the yield on the 30-year Treasury bond advanced less than a basis point to 1.854%.
On the economy front, Federal Reserve Vice Chair Richard Clarida is due to make a speech on the outlook for U.S. monetary policy at the Peterson Institute for International Economics.
Asian stock markets closed higher on Wednesday as traders shrugged off concerns about the rapid spread of the delta variant of the coronavirus amid continued optimism about the economic outlook.
Hong Kong’s Hang Seng index closed 0.88% higher, the Shenzhen Component advanced 1.72%, the Shanghai Composite climbed 0.85% to 3,477.22, South Korea’s Kospi rose 1.34% at 3,280.38, the S&P/ASX 200 gained 0.38% to close at 7,503.20, while the Nikkei 225 slipped 0.21%.
Overnight on Wall Street, the S&P 500 gained 0.82% to a new record closing high of 4,423.15 while the Dow Jones Industrial Average jumped 278.24 points to 35,116.40. The Nasdaq Composite advanced 0.55% to about 14,761.30.
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