The US Senate has passed a huge $1-trillion spending bill, with markets in that country at record highs overnight
A trader works on the floor of the New York Stock Exchange in New York, the US. Picture: BLOOMBERG/MICHAEL NAGLE
The bill includes new spending in areas such as infrastructure and energy, though the Democrat leadership still wants it to be put to the House of Representatives alongside another $3.5-trillion social spending package. Overall, the mixed picture in Asia is very much the same as on Tuesday with regional markets content to tweak positioning ahead of the US inflation data, which will dictate equity directions into the end of the week, Oanda senior market analyst Jeffrey Halley said in a note. US inflation numbers for July are due later.Tencent, which influences the direction of the JSE through the Naspers stable, had fallen 0.86%.
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