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Asian share markets were seen retreating on Wednesday. This was mainly from weak market confidence that a surge of coronavirus cases will prolong economic inactivity, even as U.S. retail sales recorded historic highs in May.
Geopolitics pressed deeper as India reported that 20 of its soldiers had been killed in clashes with the Chinese military at a disputed border site. More so, North Korea rejected South Korea’s offer of sending special envoys and pledged to send back troops to the border.
This dragged trading activity, sending Japan’s Nikkei down by 0.7%. The decline followed after the index soared almost 5% on Tuesday, its largest daily gain in three months. MSCI’s broadest index of Asia-Pacific shares outside Japan placed flat after its 2.8% record on Monday. More so, majority of markets across the region had made minimal changes.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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