Asian stocks higher after Wall Street falls on virus worries

Traders have been encouraged by announcements about possible progress toward a coronavirus vaccine. But growing infection numbers in the United States and Europe has raised the threat of renewed restrictions on business and movement."The reality of rising COVID-19 cases got hold of financial markets," said Mizuho Bank in a report.

On Wall Street, the benchmark S&P 500 fell 0.5% from a record to 3,609.53 after data showed U.S. retail sales rose 0.3% in October, down from September's 1.6%. The figure fell short of forecasts for 0.5% growth. Powell warned the "next few months may be very challenging." He said the Fed is committed to supporting a recovery.

"The concern is that people will lose confidence in efforts to control the pandemic," said the Fed's Powell. "We're seeing signs of that already."

Hmmmmmmmm

It's almost as if the Asians know what they are doing! No?

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.

Asian stocks higher after Wall Street rises to new recordAsian stocks were mostly higher Tuesday after Wall Street rose to a new record. Thanks to Biden, your welcome Dumpies 🙏 hahahahahhaa
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks mixed after lacklustre day on Wall StreetAsian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower.
Source: CTVNews - 🏆 1. / 99 Read more »

Asian stocks rise after Wall Street hits new highAsian stock markets rose Monday on 2021's first trading day, boosted by optimism about coronavirus vaccines after Wall Street ended the year on a new high.
Source: CTVNews - 🏆 1. / 99 Read more »