Asian stocks mixed on fading U.S. stimulus hopes, virus concerns

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.

FILE PHOTO: Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon

Downbeat comments from U.S. Treasury Secretary Steven Mnuchin that a stimulus deal was unlikely be made before the Nov. 3 vote weighed on fragile investor sentiment. With COVID-19 cases surging, some European nations are closing schools as authorities braced for a repeat of the nightmare scenario seen earlier this year.

In a mixed Asian open, Australian equities bucked Wall Street declines, opening slightly higher because of “good support” for material and mining stocks, said Michael McCarthy, CMC Markets chief market strategist.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why would asian stocks care about US stimulus? ...

Quick, someone ask Rudy Giuliani what he thinks about this Asian stuff.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

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.

JPMorgan says you should be putting your money in these Southeast Asian stocksInvestors have been retreating from Southeast Asian stocks to seek safer investments elsewhere — but JPMorgan says some sectors and companies are worth buying. Pro Run from whatever JP Morgan recommends. Pro We will be literally buying it from JP Morgan waiting to unload their holdings. Thanks but no ✌🏼 Pro $SE
Source: CNBC - 🏆 12. / 72 Read more »

Stocks fall on Wall Street as hopes fade for stimulus dealThe decline came as talks between Democrats and Republicans in Washington over another economic stimulus package continued to drag on, dimming investors’ hopes for a deal that can deliver more aid for the U.S. economy in the near term. Because cruela SpeakerPelosi hates America Stimulus 2 dims so will Trumps chances So the stock market runs on government stimulus? Got it!
Source: USATODAY - 🏆 100. / 63 Read more »

5 things to know before the stock market opens TuesdayU.S. stock futures were mixed Tuesday as banks began reporting quarterly earnings. Early voting has started in Texas! We can do this y’all! Change is in the air! Used cars! Deep dive, not just a bunch of trump stooges spouting propaganda
Source: CNBC - 🏆 12. / 72 Read more »