Stocks shrug off virus worries; ECB in focus By Reuters
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By Tom Westbrook
SINGAPORE (Reuters) - Asia's stock markets headed for their best day in two months on Thursday though growth-sensitive currencies struggled to rally, pointing to nagging doubts about the recovery as investors looked to the European Central Bank for their next cue.
MSCI's broadest index of Asia-Pacific shares outside Japan was last up just over 1%, its largest daily jump since late May, with markets green from Seoul to Sydney.
Japanese markets were closed for a holiday.
Asia's positive mood followed a rebound on Wall Street though S&P 500 futures were flat during the session suggesting the rally's momentum is fading. FTSE futures rose 0.1% and Euro STOXX 50 futures were up 0.4%.
There was no obvious catalyst for the recent rebound in stocks, or for the drawdown on Friday and Monday, though a study on Wednesday showed both Pfizer (NYSE:PFE) and AstraZeneca (NASDAQ:AZN) vaccines were effective against the Delta coronavirus variant.
"Every now and then investors look for reasons to take some profits off and that's what we saw," said Jun Bei Liu, …
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