Asia stocks set to trade lower as investors assess economic impact of coronavirus pandemic
Investors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to the latest data compiled by John Hopkins University. Markets have been volatile in recent weeks, seeing sharp movements in both directions as authorities across the globe announced vast amounts of stimulus to stem the economic impact of the virus.
"The big question for markets is whether the huge stimulus introduced so far across the globe will be enough to help the global economy withstand the economic shock from the COVID-19 containment measures," Rodrigo Catril, a currency strategist at National Australia Bank, wrote in a note. "To answer this question one needs to know the magnitude of the containment measures and for how long they will be implemented," Catril said. This was "unknown" at this point, he said, and suggests that markets are "likely to remain volatile" until the uncertainty is resolved.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Asia shares under threat as futures fall earlyAsian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies.
Les mer »
Rumors hampering fight against coronavirus in South AsiaAs India and other South Asian nations brace for the spread of the coronavirus, they face another battle: misinformation. Social media are rife with bogus remedies, tales of magic cures and hazardous medical advice.
Les mer »
These stocks are primed for a recovery when the coronavirus crisis passes, analysts sayYour weekend brief: These stocks are primed for a recovery when the coronavirus crisis passes, analysts say
Les mer »
Bracing for the worst from U.S. earnings in a pandemicInvestors are desperate for clarity on U.S. corporate profits as the coronavirus pandemic has forced them to lower expectations ahead of the first-quarter reporting period starting in mid-April.
Les mer »
Treasury Secretary says Americans can expect stimulus checks to be direct deposited within three weeksTreasury Secretary Steve Mnuchin says Americans can expect checks from the stimulus bill to be direct deposited in their accounts within three weeks
Les mer »
Rhode Island issues order demanding all travelers into the state to self-quarantine for 14 daysRhode Island Gov. Gina M. Raimondo signs an order saying she will demand all travelers coming into the state to self-quarantine for 14 days
Les mer »