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Asian stocks slightly gained on Tuesday after China’s trade data revealed a better-than-expected result. The upbeat performance could also be attributed from various countries’ decision of reopening their economy by easing some lockdown restrictions.
Chinese shares traded in green on Tuesday with the blue-chip index.CSI300 gaining 0.9%. Australian shares advanced with 1.1% while the Japanese benchmark index Nikkei .N225 recorded a 2.2% increase. Hong Kong’s Hang Seng.HSI increased by 0.6% while the S&P 500 E Mini-futures rose 1.2%.
Analysts said some of the tail risks that posed a much sharper downturn were starting to disappear. This is mainly from a slowdown of new coronavirus diagnosis and from the enforcement that major economies get from worldwide monetary easing and fiscal stimulus.
Though markets were seen to be recovering, economists believe that it is still early to say that the worst was over for financial markets.
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 ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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