Sydney/New York — Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the US election and as a deadline for Washington to pass an economic stimulus bill approached, while Europe reported record daily coronavirus infections.
“Do you really want to hold those exposures into what could be a volatility event?” Weston said. “We’re getting into the Wild West territory where it becomes more whippy.” The number of new Covid-19 cases in the US last week rose 13% to more than 393,000, approaching levels last seen during a summer peak, according to a Reuters analysis.
In contrast to equity markets, currency markets were less pessimistic about the prospect of a stimulus breakthrough with the safe-haven dollar edging slightly lower amid expectations that US legislators might still agree on a fiscal stimulus package at the 11th hour.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets keep rising on hopes of US fiscal package and vaccineMSCI’s broadest index of Asia-Pacific shares outside Japan has risen in eight of the last 10 sessions
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE faces mostly firmer Asian markets on MondayRising hopes that US political parties will be able to reach a consensus on stimulus lift sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »
US economy is rolling along, so Fed unlikely to alter bond-buyingOf the two levers used to manage the US economy — monetary conditions controlled by the Fed and government spending controlled by Congress — the Fed feel it’s is doing what it can for now
Source: BDliveSA - 🏆 12. / 63 Read more »
1-ton chandelier made in Cape Town to light up US hotelWhen guests at a new US hotel in Charlotte, Virginia, look up, they will admire a large chandelier that is the handiwork of a Salt River, Cape Town, lighting design company.
Source: IOL - 🏆 46. / 51 Read more »
Economy, pandemic overshadow climate for young US votersThe two dozen students who signed up for air pollution expert James Goldstene's advanced environmental studies class all say they are deeply passionate about fighting climate change.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Trump and Biden to court early voters as US campaign gathers steamUS President Donald Trump and his Democratic challenger Joe Biden will court early voters as their campaigns step up events ahead of their final debate this week.
Source: SowetanLIVE - 🏆 13. / 63 Read more »