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...

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