Global stock market rally pauses, bonds edge higher on fears of second virus wave | Malay Mail

Wednesday, 13 May 2020 07:35 AM MYT

US stocks dragged global equity benchmarks lower after Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told Congress the virus was not yet under control and that there would not likely be a treatment or vaccine in place by late August or early September. MSCI's gauge of stocks across the globe shed 1.31 per cent following modest advances in Europe and slight losses in Asia.

“While the fundamental fallout is historic, expectations remain low, and the fiscal and monetary policy response has been unprecedented.” Safe-haven assets such as government bonds moved higher as investors edged away from riskier investments. Benchmark 10-year US Treasury notes last rose 15/32 in price to yield 0.6795 per cent, from 0.726 per cent late on Monday.

Stupid wave

Business Business Latest News, Business Business Headlines

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

Chinese investment in US drops to lowest level since global financial crisis | Malay MailWASHINGTON, May 12 — Chinese investment in the United States dropped to US$5 billion (RM21.65 billion) in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade ago, according to a new analysis by the US-China Investment Project. The analysis...
Source: malaymail - 🏆 1. / 86 Read more »