News Formal

Asia: Stocks swing as virus and unrest offset vaccine, stimulus

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

[HONG KONG] Asian markets fluctuated on Tuesday as hopes for the rollout of coronavirus vaccines and a new stimulus out of Washington competed with fears over surging infections, new lockdowns and brewing political and social unrest in the United States. Read more at The Business Times.

Observers said the chances of Mr Trump being convicted were slim but there was a concern that the latest moves could foment more unrest, with some reports saying the president's supporters were planning fresh demonstrations at the weekend and during Mr Biden's inauguration next week.

Mr Biden has called for a package in the trillions including US$2,000 cash handouts, though analysts said that - while markets would welcome a spending splurge - there were concerns about the financial implications.Bets on another rescue deal have ramped up inflation expectations, with 10-year Treasury yields above one percent for the first time since March and talk swirling that the Federal Reserve could begin considering winding down its vast bond-buying scheme.

Wall Street's three main indexes fell Monday, having ended last week at record highs, and Asian markets swung through the morning. "While the structural catalysts of vaccine distribution and activity normalisation remain intact, we are now potentially approaching the last stage of fiscal stimulus, and the Fed is on a path to tapering the pace of asset purchases," said Axi strategist Stephen Innes.

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:

 /  🏆 15. in İE
 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Asia stocks set to fall, pressured by soaring T-note yieldsAsian stocks are set to open mostly lower on Friday, pressured by U.S. Treasury yields that rose to 14-month highs overnight and oil prices, which ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks follow Wall Street tumble on valuation worriesAsian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks follow Wall St tumble on valuation worriesAsian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks hold near highs, yields up on US stimulus plansAsian shares took a breather on Monday while Treasury yields were at 10-month highs as 'trillions' in new U.S. fiscal stimulus plans were set to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Gold gains as stocks dip on Washington worries, rising virus cases[BENGALURU] Gold ticked higher on Tuesday as Asian stocks slipped on political ferment in Washington and a global surge in coronavirus cases, although a firmer dollar and higher US Treasury yields limited gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »