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Asian stocks poised to rise after Wall Street gains slip away

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Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for further government stimulus were offset by stark economic data showing the toll of the coronavirus pandemic.

FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease , at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song

The main U.S. stock indexes lost momentum, with the S&P 500 and Nasdaq turning negative at the close, as investors digested a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial. “Any piece of bad news is likely to rattle the market,” Ghriskey said. “Investors are keen for a semblance of hope that they can soon crawl out of their homes and get on with some form of normal life, even if with trepidation and fear.”

The energy index rose 3%, easily leading the 11 S&P 500 sectors as oil prices recovered in a tumultuous week that saw U.S. crude futures crash below zero for the first time in history. The pan-European STOXX 600 index rose 0.94% and MSCI’s gauge of stocks across the globe gained 0.32%. The U.S. dollar edged higher against the euro in a choppy session after the meeting of the 27-member bloc leaders ended without any agreement on details.

 

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Oh who cares. Most of US don’t own stock and we’re broke.

silvioluiz Falou a credibilidade

China taking America over ! Thank a trumper

GOOD thehill

Making money on all those counterfeit products stolen from legitimate businesses around the world. BanChineseScholars They are spies. CloseallChineseEmbassies BoycottChineseProducts

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