Monday, 10 Aug 2020 09:09 AM MYT
Australian shares recouped Friday's losses to be up 0.7 per cent while South Korea's main index added 0.4 per cent. The orders would provide an extra US$400 per week in unemployment payments, less than the US$600 per week passed earlier in the crisis. “If we see the White House take the view that they no longer want to negotiate until after the election, then think we'll see a wave of GDP downgrades followed by lower realized spending and spikes to unemployment in September through year-end.”
“The bigger question for markets is whether these actions jeopardise the US-China trade talks on August 15 and markets will be looking closely for any Chinese retaliation,” said Tapas Strickland, director of markets & economics at National Australia Bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As China tensions soar, US embraces Taiwan with visit, but cautiously | Malay MailWASHINGTON, Aug 9 — Eager to find a foil for China, US President Donald Trump's administration is stepping up support for Taiwan, although a high-level visit to the island shows it is still treading carefully on an especially explosive issue. Health and Human Services Secretary Alex Azar is...
Source: malaymail - 🏆 1. / 86 Read more »
Global stocks mixed as US-China tensions rise, Washington deal elusive | Malay MailNEW YORK, Aug 8 — Wall Street stocks finished mixed yesterday, with the Nasdaq retreating from records, following data showing the US economy adding jobs as US-Chinese tensions mount and a standoff over fresh stimulus continues. The monthly US non-farm payrolls market report had been eagerly...
Source: malaymail - 🏆 1. / 86 Read more »
As China tensions soar, US embraces Taiwan with visit but cautiously | Malay MailWASHINGTON, Aug 8 — Eager to find a foil for China, US President Donald Trump’s administration is stepping up support for Taiwan, although a high-level visit to the island shows it is still treading carefully on an especially explosive issue. Health and Human Services Secretary Alex Azar is...
Source: malaymail - 🏆 1. / 86 Read more »
China targeting US election infrastructure with cyberattacks, says White House security adviser | Malay MailWASHINGTON, Aug 10 — Chinese government-linked hackers have been targeting US election infrastructure ahead of the 2020 presidential election, White House National Security Adviser Robert O’Brien said yesterday, indicating a more active level of alleged Chinese interference. O’Brien’s...
Source: malaymail - 🏆 1. / 86 Read more »
US marks 160,000 Covid-19 deaths as relief talks fail in Washington | Malay MailNEW YORK, Aug 8 — More than 160,000 people have died from Covid-19 in the United States, a Reuters tally showed yesterday, as President Donald Trump said he would unilaterally grant financial relief to Americans after talks with congressional Democrats stalled. The grim milestone, which includes...
Source: malaymail - 🏆 1. / 86 Read more »
US cabinet member meets Taiwan’s leader | Malay MailTAIPEI, Aug 10 — A US cabinet member met Taiwan’s leader today during the highest level visit from the United States since it switched diplomatic recognition from the island to China in 1979, a trip that Beijing has condemned. Health Secretary Alex Azar is in Taipei for a three-day visit to...
Source: malaymail - 🏆 1. / 86 Read more »