Global stocks retreat on rising second wave fears

TOKYO/WASHINGTON: Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

Several U.S. states including Oklahoma, where President Donald Trump plans a campaign rally on Saturday, reported a surge in new coronavirus infections. "All this suggests that the more you re-start the economy, the more infections you have. People have thought the economy will quickly recover in July-September after dismal April-June. But that is now becoming uncertain."

Canada Canada Latest News, Canada Canada Headlines

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

Asian stocks set to rise as drug trials, data push Wall Street higherAsian stocks were set to climb on Wednesday after another late Wall Street surge in response to upbeat trial results for a COVID-19 treatment and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EMERGING MARKETS-Asian stocks, currencies rally on Fed's move to boost liquidityREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

EMERGING MARKETS-Emerging Asian stocks, FX rally in relief as Fed steps inREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

EMERGING MARKETS-Emerging Asian stocks, FX on relief rally as Fed steps inREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »