Asian stocks, oil sell off on second wave fears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens.

FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease , at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song

However, risk sentiment took a knock after Beijing recorded dozens of new COVID-19 cases in recent days, all linked to a major wholesale food market.Another large coronavirus outbreak could roil financial markets, which had been rallying recently on hopes for economic recovery.“We assume that any second wave is likely to be more manageable than the first given earlier policy experience,” analysts at Morgan Stanley wrote in a note.The Chinese yuan dipped in offshore trade to 7.

No major changes are expected, but some investors may be interested in Governor Haruhiko Kuroda’s views on its yield curve control policy.Analysts said further tests awaited global markets this week – in particular whether re-opening hopes could still push equities higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is still the first wave, morons. Second wave is supposed to he fall/winter.

We are a little over two weeks from Memorial Day and sure enough we are getting a new wave - spikes, surges - whatever you want to call it. This is the overlap period between the first wave and second wave which experts predicted. WearAMask Be safe.

Second wave my arse. Stop peddling lies.

yo Reuters know who’s especially burdened by fear right now? Interpol Agent O’Smiley, who’s sadly having marriage troubles in this episode of CasinoLizard Art VideoArt FilmNoir Noir Cinema CinemaNoir ArtCanLikeChangeTheWorld

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:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to Watch on Monday: 'The Bachelor' revisits Kaitlyn Bristowe's run on greatest-seasons tour'The Bachelor' greatest-seasons tour revisits Kaitlyn Bristowe's run, and 'Roswell, New Mexico' and 'Songland' wrap up for the season.
Source: EW - 🏆 713. / 51 Read more »

Paris restaurants can re-open Monday earlier than expected - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Professor Clementi reveals how coronavirus today is a hundred times weaker than March. Massimo Clementi is a full Professor of Microbiology and Virology, University Vita-Salute San Raffaele, Milan, Italy. It's an absolutely macroscopic difference. gamesblazer06 They reopened last week. Your news is not up to date or maybe he is talking about Paris. Because all the places where are live are already opened
Source: BusinessInsider - 🏆 729. / 51 Read more »

Irish parties to sign off on coalition deal on Monday: Fianna FailIrish political parties Fianna Fail, Fine Gael and the Green Party will sign a deal on the formation of a new coalition government on Monday, Fianna Fail leader Micheal Martin said on Sunday. BetterCallSoul I love Irish parties! BloomsdayIsComing
Source: Reuters - 🏆 2. / 97 Read more »

Irish parties plan to sign coalition deal on MondayIrish political parties Fianna Fail, Fine Gael and the Greens will sign a deal on Monday on the formation of a new coalition government, Fianna Fail leader Micheal Martin said after talks on Sunday aimed at ending four months of political deadlock. Sign coalition with whom? That's because all Irish parties go on till Monday about ⌚
Source: Reuters - 🏆 2. / 97 Read more »

Mexico City to begin gradual exit from lockdown on MondayThe mayor of Mexico City said on Friday the Mexican capital will next week lift restrictions on car traffic and public transport, and allow 340,000 factory works to get back to work, even though new cases of coronavirus are still rising. Already?
Source: Reuters - 🏆 2. / 97 Read more »

Meet the Asian Americans helping to uproot racism in their communitiesIn the wake of George Floyd's death and nationwide protests supporting the Black Lives Matter movement, young Asian Americans are having difficult conversations with their parents and communities about how to be an ally to African Americans. Fake news More leftist astroturfing and wokeness peddling, yes.. Dan is trying to win a US Senate seat from South Dakota. He is awesome. He needs our help.
Source: CNN - 🏆 4. / 95 Read more »