(Bloomberg) -- Global stocks climbed to fresh all-time highs Thursday on optimism that fiscal spending will revive growth and bolster corporate earnings. The dollar weakened.Asian shares rose for a third straight session, led by Japan and South Korea, after their U.S. counterparts closed at records Wednesday. U.S. futures were little changed as the S&P 500 posted its best first-day reaction to a presidential inauguration since at least 1937. The tech-heavy Nasdaq 100 Index jumped more than 2%. Netflix Inc, ASML Holding NV and Morgan Stanley were among stocks that gained on solid results. Treasuries were little changed.Elsewhere, oil edged lower as concerns over lackluster consumption amid the pandemic crept back in. Gold pared overnight gains.Investors looked past a fresh stumble in the rollout of vaccines and elevated infection rates, toward the promise of increased economic support and an expanded federal effort to get shots to more Americans under President Joe Biden. Stimulus plans in Japan and Europe will come under further scrutiny Thursday after central bank decisions in those jurisdictions.“If stimulus happens at the same time that people get vaccinated, the optimism can’t help but build,” said Keith Buchanan, a portfolio manager for GLOBALT Investments in Atlanta. “It’s a fairly safe bet there will be another stimulus package with more direct payments to consumers and individuals and more help for small businesses.”Investors are counting on more aid to help propel economic growth under Biden, who is planning a flurry of executive orders on his first day. Still, it won’t be all smooth sailing, with Janet Yellen encountering early Republican resistance to Biden’s relief plan in her confirmation hearing to become Treasury secretary.On the virus front, Germany suffered record daily deaths and a study on the South African variant raised concern about the efficacy of vaccines.Meantime, China Mobile Ltd., China Unicom Hong Kong Ltd. and China Telecom Corp. Ltd. filed a request with the New York Stock Exchange for a review of its decision to delist their stocks from the New York bourse. Separately, Twitter Inc. locked the official account of the Chinese embassy to the U.S. citing a violation of its ‘dehumanization’ policy.These are some key events coming up:Policy decisions are due Thursday from the Bank of Japan, Bank Indonesia and the European Central Bank.Earnings are due from companies including Kia Motors Corp., Schlumberger Ltd. and Yes Bank Ltd.These are the main moves in markets:StocksS&P 500 futures rose 0.1% as of 9:09 a.m. in Tokyo. The gauge climbed 1.4% on Wednesday.Japan’s Topix index climbed 1%.South Korea’s Kospi added 0.9%.Australia’s S&P/ASX 200 Index rose 0.8%.CurrenciesThe Bloomberg Dollar Spot Index slipped 0.1%.The yen was at 103.58 per dollar.The offshore yuan was at 6.4623 per dollar.The euro bought $1.2114.BondsThe yield on 10-year Treasuries held at 1.08%.CommoditiesWest Texas Intermediate crude dipped 0.5% to $53.02 a barrel.Gold was at $1,869.41 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.