Stocks wobble as investors assess risks of second wave

TOKYO/WASHINGTON: Asian shares and U.S. stock futures teetered in choppy trade on Friday as lingering concerns about an fresh spike in coronavirus cases offset growing hopes for a quick economic recovery.

On Thursday around 400 workers at a slaughterhouse in northern Germany tested positive for the virus. At the same time, investors are nervously following a cluster of cases in Beijing and rising cases in several U.S. states. "The market is looking for its next big impulse," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

Oil futures extended gains from the previous session after OPEC producers and allies promised to meet their supply cut commitments and two major oil traders said demand is recovering.

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