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SYDNEY- Asian shares dropped on Monday as series of national lockdowns endanger authorities’ schemes of nursing economic disruptions and what appears to be a sharp worldwide recession brought by the novel coronavirus.
S&P 500 E-mini futures sunk down 5% while the EUROSTOXXX 50 futures plummeted 6.4%. MSCI”s broadest index of Asia-Pacific shares shed 3.8% as New Zealand’s stock market declined by 10 due to government’s decision of closing some businesses.
Shanghai blue chips tumbled 2.3% and Japanese benchmark index Nikkei managed to performed well with 0.8%, supported by expectations of a more upbeat asset purchase by the Bank of Japan.
Various airlines had already cancelled flights as Australia and New Zealand released its recent memorandum particular to non-essential domestic travel. In line with this, United Arab Emirates restricted travel for two weeks while Singapore and Taiwan refused to welcome foreign passengers.
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 ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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