FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo, Japan February 28, 2020. REUTERS/Athit PerawongmethaAustralia's ASX 200 climbed 0.14per cent in early trading, while Hong Kong's Hang Seng index futures were up 0.26per cent.Japan's Nikkei 225 futures were down 0.24per cent and down 0.31per cent from the underlying index's close on Wednesday.
"Even with the rebound, US output remains 3.5per cent below its pre-COVID levels. The path towards recovery is much less clear from here, especially as the number of virus cases grows and there are near-term impediments to a fiscal deal," wrote ANZ analysts in a note. The European Central Bank committed to further action in December to further lend economic support as European nations grappled with a renewed coronavirus outbreak. The announcement sent the euro sliding to a four-week low against the U.S. dollar.Oil continued a downward slide, falling by more than 4per cent Thursday and hitting a five-month law, as renewed pandemic concerns weighed heavily on demand expectations.
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