<p>Global shares ticked up on Monday as a source said US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.</p>.<p>US S&P futures last traded up 0.4 per cent.</p>.<p>The futures had earlier reversed losses after a cryptic tweet by Trump, which said "Good news on Covid Relief Bill. Information to follow", helped offset worries about a further delay in stimulus spendings.</p>.<p>A source later said he had approved the bill.</p>.<p>Japan's Nikkei inched up 0.4 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, though trade is slow with many markets still closed for the holiday.</p>.<p>"It is positive for markets that we no longer have a chaos over stimulus, considering there was a chance of a partial government shutdown," said Masahiro Ichikawa, chief strategist at Sumimoto Mitsui DS Asset Management.</p>.<p><strong><a href="https://www.deccanherald.com/international/world-news-politics/trump-signs-23-triliion-pandemic-aid-and-spending-bill-averting-government-shutdown-932347.html">Read | Trump signs $2.3 triliion pandemic aid and spending bill, averting government shutdown</a></strong></p>.<p>"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."</p>.<p>Trump had refused to sign into law the pandemic aid and spending package that Congress has passed, demanding stimulus checks for struggling Americans be increased.</p>.<p>Trump's threat to not sign the package had already shuttered an emergency unemployment aid program and threatened a partial federal government shutdown at midnight on Monday.</p>.<p>US bond yields edged up in its first trade after Christmas, with the 10-year US Treasuries yield up 0.6 basis point at 0.930 per cent.</p>.<p>The rollouts of Covid-19 vaccines are also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday.</p>.<p>That offset alarms over a new highly infectious variant of the virus that has been raging in the south-east of England and was confirmed in many other countries, including Japan, France and Canada, over the weekend.</p>.<p>Major currencies were little changed.</p>.<p>The euro traded at $1.2204, a tad below its 2-1/2-year high of $1.22735, while the yen changed hands at 103.56 per dollar.</p>.<p>The British pound changed hands at $1.3565, not far from a 2-1/2-year high of $1.3625 hit earlier this month after Britain and the European Union reached an agreement on a trade framework after Brexit.</p>.<p>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.</p>.<p>Oil prices edged down a tad, with US crude futures down 0.8 per cent at $47.85 per barrel.</p>
<p>Global shares ticked up on Monday as a source said US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.</p>.<p>US S&P futures last traded up 0.4 per cent.</p>.<p>The futures had earlier reversed losses after a cryptic tweet by Trump, which said "Good news on Covid Relief Bill. Information to follow", helped offset worries about a further delay in stimulus spendings.</p>.<p>A source later said he had approved the bill.</p>.<p>Japan's Nikkei inched up 0.4 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, though trade is slow with many markets still closed for the holiday.</p>.<p>"It is positive for markets that we no longer have a chaos over stimulus, considering there was a chance of a partial government shutdown," said Masahiro Ichikawa, chief strategist at Sumimoto Mitsui DS Asset Management.</p>.<p><strong><a href="https://www.deccanherald.com/international/world-news-politics/trump-signs-23-triliion-pandemic-aid-and-spending-bill-averting-government-shutdown-932347.html">Read | Trump signs $2.3 triliion pandemic aid and spending bill, averting government shutdown</a></strong></p>.<p>"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."</p>.<p>Trump had refused to sign into law the pandemic aid and spending package that Congress has passed, demanding stimulus checks for struggling Americans be increased.</p>.<p>Trump's threat to not sign the package had already shuttered an emergency unemployment aid program and threatened a partial federal government shutdown at midnight on Monday.</p>.<p>US bond yields edged up in its first trade after Christmas, with the 10-year US Treasuries yield up 0.6 basis point at 0.930 per cent.</p>.<p>The rollouts of Covid-19 vaccines are also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday.</p>.<p>That offset alarms over a new highly infectious variant of the virus that has been raging in the south-east of England and was confirmed in many other countries, including Japan, France and Canada, over the weekend.</p>.<p>Major currencies were little changed.</p>.<p>The euro traded at $1.2204, a tad below its 2-1/2-year high of $1.22735, while the yen changed hands at 103.56 per dollar.</p>.<p>The British pound changed hands at $1.3565, not far from a 2-1/2-year high of $1.3625 hit earlier this month after Britain and the European Union reached an agreement on a trade framework after Brexit.</p>.<p>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.</p>.<p>Oil prices edged down a tad, with US crude futures down 0.8 per cent at $47.85 per barrel.</p>