Stocks fall as U.S. virus response disappoints investors

TOKYO - Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.

Those gains looked short-lived in early Asian trade, with U.S. stock futures falling 2.2% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.29%. Australian shares were down 2.02%, while Japan’s Nikkei stock index slid 1.28%. On Wall Street, all three major indexes jumped nearly 5% on Tuesday, one day after U.S. equities markets suffered their biggest one-day losses since the 2008 financial crisis.

Further gains in yields could be limited because there are still strong expectations that the U.S. Federal Reserve and other central banks will support fiscal stimulus with monetary easing. U.S. crude reversed early losses to rise 3.23% to $35.53 a barrel, while Brent crude rose 3.44% to $38.50 per barrel due to signs that U.S. producers will cut output, but traders remain cautious about global energy demand.

Spot gold, which is often bought as a safe-haven during times of uncertainty, rose 0.5% in Asia to $1,658.50 per ounce. [GOL/]

Trump needs all of Congress to decide on any stimulus packages. Many are resistant. The US debt has increased by 68% in 3 yrs. Why the market ignores this, not sure. He plugged having no payroll taxes for 90 days. HUH? If you are not collecting a check, its useless. Come on.

So yesterday the Dow was the only index going up biggely while every other market either reversed course or closed down..yes us markets are very efficient s

You'd think after 3 yrs investors would be used to being disappointed by Trump

S t o r y m a n u f a c t u r i n g c l i m b i n g

When you have a rambling idiot in the White House too cowardly to hold press conferences. This is the result ...

That guys not even selling he just leaving. Yeet

The world is not falling for your stunts realDonaldTrump Only your gullible minions are, and they are the most vulnerable.

Question -who are the morons buying stocks right now?

LOL. Hold Republicans to full account.

Here we go again.

What about the Homeless? Investors? Wait, investors?

Roiders… Its the virus... not the response...

Australia Australia Latest News, Australia Australia Headlines

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

Australia stocks fall into bear market as Wall Street sees worst day since financial crisisThe S&P/ASX 200 in Australia dropped more than 1% in early trade, sending it into bear market territory as the sectors traded lower. The benchmark Australian index had fallen more than 7% on Monday. XRP and Gold to the rescue! Agree or Disagree? The whole world is fine, don't worry guys you are not alone. There are way more people trading now that was happening back then , so I don’t get the analogy . The more that trade the smaller the difference .
Source: CNBC - 🏆 12. / 72 Read more »

Stocks surge on Wall Street following worst day since 2008NEW YORK (AP) — Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3%, making up less than half of its... This seems fishy... Give it a few weeks and no one will be thinking about money. Is it a “surge” when it’s making up some of its losses
Source: AP - 🏆 728. / 51 Read more »

Stocks Tumble, Coronavirus Volatility & Kudlow: “Don’t Panic” by Squawk on the StreetSquawkStreet SquawkStreet Stock market crashing? It’s called Tuesday in Crypto! SquawkStreet “Other than that, how was the play Mrs. Lincoln?”
Source: CNBC - 🏆 12. / 72 Read more »

Virus closes sites around the world; stocks, oil prices sinkAnxiety over the new coronavirus virus outbreak is sending stock and oil prices plunging even as many of Beijing's white-collar workers are returning to their offices BernieSanders and JoeBiden have told Americans to believe in science and to listen to the CDC and medical experts concerning the CoronavirusOutbreak. Trump would have you believe in him and what he says. YOU choose the best way to survive the pandemic! Bir böcek ilacı mı?🤔🤔🤔🤧 If just one billionaire tanks and jumps then it will all be worth it.
Source: ABC - 🏆 471. / 51 Read more »

Virus closes sites around the world; stocks, oil prices sinkWhile many of Beijing's white collar workers returned to work as new cases of infection subsided in China, some 16 million people under a widespread lockdown in northern Italy struggled to figure out the new rules of their daily existence.
Source: trtworld - 🏆 101. / 63 Read more »

Stocks, oil prices plunge as virus closes sites around worldWhat you need to know, from AP Morning Wire: • Italy quarantines 16M to combat virus as global stocks drop • Exclusive: Juul donated tens of thousands to state attorneys general • Pot entrepreneurs flock to Bible Belt for low taxes SUBSCRIBE: Potrepreneurs
Source: AP - 🏆 728. / 51 Read more »