Reuters - World shares ticked up Monday as U.S. President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.
U.S. S&P futures last traded up 0.4%. The futures had earlier reversed losses after a cryptic tweet by Trump - "Good news on COVID Relief Bill. Information to follow" - helped offset worries about further delay in stimulus spending.
Japan's Nikkei inched up 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, though trade is slow with many markets still closed for holiday.
"It is positive for markets that we no longer have a chaos over stimulus, considering there was a chance of a partial government shutdown," Sumimoto Mitsui DS Asset Management chief strategist Masahiro Ichikawa said. "But on the other hand, markets have talked about that stimulus for a long time and I would say most of it has been already priced in."
Trump had refused to sign into law the pandemic aid and spending package that the Congress has passed, demanding stimulus checks for struggling Americans be increased.
Trump's threat to not sign the package had already ended an emergency unemployment aid program and threatened a partial federal government shutdown at midnight Monday.
U.S. bond yields edged up in its first trade after Christmas, with the 10-year U.S. Treasurys yield up 0.6 basis point at 0.930%.
The distribution of COVID-19 vaccines is also increasing hopes of more economic normalization next year, with Europe launching a mass vaccination drive Sunday.
That offset alarms over a new highly infectious variant of the virus that has emerged in the south-east of England and was confirmed in many other countries, including Japan, France and Canada, over the weekend.
Heavily traded currencies were little changed. The euro traded at $1.2204, below its two-and-a-half-year high of $1.22735, while the yen changed hands at 103.56 per dollar.
The British pound changed hands at $1.3565, not far from its two-and-a-half-year high of $1.3625 hit earlier this month after Britain and the European Union reached an agreement on trade framework after Brexit.
Bitcoin extended gains over the weekend to reach a new high of $28,377.94 before stepping back to $26,457.32, bringing the total value of the cryptocurrency in circulation to over $500 billion.
Oil prices edged down with U.S. crude futures off 0.8% at $47.85 per barrel.
