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TOKYO- Asian shares and U.S. stock futures clocked in gains on Wednesday. Upbeat market activity followed as investors grew a bit optimistic on recent decline in the novel coronavirus's number of new cases.
MSCI’s broadest index of Asia-Pacific shares outside Japan strengthened with 0.03%. The index fluctuated during its early session simultaneously switching between earnings and declines. Chinese shares reversed moderately with 0.15% gains. Australian shares added 0.02%, as Japanese Nikkei stock index climbed up to 0.5%.
The euro suffered close enough in hitting a three-year low against the greenback as weak figures from Germany, Europe’s biggest economy, brought in anxiety that the euro zone is more susceptible to external risks than previously assessed.
The Treasury curve stayed upside down on Wednesday as yields on three-month bills performed above 10-year notes yields, a clear indication that investors are still wary about the forecast.
China struggles to regain the momentum of manufacturing sector after the implementation of city-wide lockdowns and transportation restrictions. Schemes imposed were aimed at containing the spread of the novel coronavirus which originated from Hubei Province of China last quarter of 2019.
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 second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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