Asian shares and U.S. stock futures dropped on Friday. This followed after an upsurge in new coronavirus cases in several U.S. states dimmed the possibility of an economic recovery. Meanwhile, investors focused on corporate earnings.
MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.76% decline. Australian stocks declined 0.43% as Japanese stocks shed 0.4%. Chinese shares dropped 0.72%, recording their first decline in more than a week. This could be attributed to investors’ move of booking profits as equities jumped to a five-year peak.
E-mini futures for the S&P 500 erased early gains, recording a 0.01% decline. In addition to this, investors had resorted to safe havens and disregarded risk, lifting the yen and dragging the Antipodean currencies to low levels.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...