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| - Asian stocks rallied Tuesday following another record close on Wall Street, with investors cheered by forecast-beating US data and hopes for fresh stimulus for the world's top economy, while European equities traded narrowly mixed. The dollar was largely higher and oil prices slid 2.0 percent. Tech fuelled a surge in New York, sending the Nasdaq to a new all-time high Monday, as traders looked for firms likely to benefit from people being forced to stay or work from home. There was also a cheer for figures showing the US manufacturing sector expanded last month at its fastest pace since March last year, which followed strong factory readings from China and Europe. Still, AxiCorp's Stephen Innes said: "The composition of China's economic recovery offers a roadmap to the rest of the world that is not especially bullish for a consumer-driven rebound. "It's easier to normalise the supply-side of the economy than the demand side in a post-pandemic-shock environment." Attention is now on Washington, where Democrats and Republicans are battling to hammer out a new package to save the US economy from the ravages of the pandemic. With extra unemployment benefits and a moratorium on evictions now dried up, there are worries millions of Americans will suffer if nothing is passed soon, which would batter the already stuttering economy. Democrat House Speaker Nancy Pelosi said a meeting with Treasury Secretary Steven Mnuchin and White House chief of Staff Mark Meadows had been "productive". In the Senate, Chuck Schumer said both sides were "moving closer" but added there were a "lot of issues that are still outstanding". Reports said Donald Trump, facing an election in November and trailing in polls, was considering using an executive order to re-impose the ban on evictions and push through a payroll tax cut. Leaders of top companies including Walmart, Facebook, Microsoft, Google-parent Alphabet and Starbucks urged lawmakers to push a deal through, warning of a "catastrophic" impact on the economy and employment if a new round of federal aid is withheld. While Washington was locked in dispute, there was still an expectation they would reach a consensus. "There's a big desire from both parties to get some kind of stimulus passed. I think the market is expecting that," said Bob Phillips, at Spectrum Management Group. And Rodrigo Catril of National Australia Bank added: "For now it seems that the market is travelling with the expectation that a deal will eventually be struck, so it is a matter of when not if." London - FTSE 100: UP 0.2 percent at 6,043.93 points Frankfurt - DAX 30: DOWN 0.5 percent at 12,589.19 Paris - CAC 40: FLAT at 4,874.80 EURO STOXX 50: DOWN 0.1 percent at 3,244.47 Tokyo - Nikkei 225: UP 1.7 percent at 22,573.66 (close) Hong Kong - Hang Seng: UP 2.0 percent at 24,946.63 (close) Shanghai - Composite: UP 0.1 percent at 3,371.69 (close) London - FTSE 100: DOWN 0.2 percent at 6,019.73 Euro/dollar: UP at $1.1772 from $1.1764 at 2100 GMT Dollar/yen: UP at 106.05 yen from 105.95 yen Pound/dollar: DOWN at $1.3022 from $1.3076 Euro/pound: UP at 90.38 pence from 89.97 pence West Texas Intermediate: DOWN 2.0 percent at $40.21 per barrel Brent North Sea crude: DOWN 1.9 percent at $43.32 New York - Dow: UP 0.9 percent at 26,664.40 (close) dan-bcp/jh
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