Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.
FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease , walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov
Eyes were on Chinese blue chips, which surged almost 7% last week to their loftiest level in five years. Japan’s Nikkei, however, has lagged with its domestic economy and was last up 0.4%.Most markets had gained ground last week as a raft of economic data from June beat expectations, though the resurgence of coronavirus cases in the United States is clouding the future.
“It is very clear that the U.S. never got the COVID outbreak under control the way that other countries did. By reopening the economy too soon, we have seen a frightening increase in the pace of new cases,” said Robert Rennie, head of financial market strategy at Westpac.“So markets will have to climb a wall of worry in July as economic activity likely softens from the V-shaped recovery seen over recent months,” warned Rennie. “We must remember too that U.S.
The risks, combined with unceasing stimulus from central banks, have kept sovereign bonds supported in the face of better economic data, with U.S. 10-year yields holding at 0.67% and well off the June top of 0.959%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia stocks trade mixed as WHO reports all-time high in coronavirus casesThe World Health Organization (WHO) reported over the weekend a record high number of coronavirus cases in 24 hours.
Weiterlesen »
'You started the corona!' As anti-Asian hate incidents explode, climbing past 800, activists push for aidAs more Californians report anti-Asian hate incidents, activists push Gov. Gavin Newsom for aid.
Weiterlesen »
Trump dubs anti-racism protesters as 'angry mobs' trying to erase historyFour months from Election Day, US President Trump's comments amounted to a direct appeal to the political base, including many disaffected white votes, that carried him to the White House in 2016.
Weiterlesen »
Here's How Celebrities Are Celebrating Fourth of July 2020Celebrities are sharing their Fourth of July celebrations on Instagram.
Weiterlesen »
Kanye West says he's running for US president in 2020American rapper Kanye West is throwing his hat into the US 2020 presidential race, four months before the election
Weiterlesen »