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 Perawongmetha
The central Chinese city of Wuhan reported five new confirmed cases on Monday, casting doubts over efforts to lower coronavirus-related restrictions across the country as businesses restart and individuals went back to work..HSIc1 were down 0.68% while Japan's Nikkei 225 futures NKc1 were off 0.1%. “My feeling is that it will be flat to slightly down across Asia,” said Shane Oliver, head of investment strategy and economics for AMP Capital in Sydney, citing concerns about coronavirus clusters and a potential second wave.The S&P 500 barely closed higher on Wall Street, but the Nasdaq posted its sixth consecutive advance as technology and healthcare shares provided the biggest lift to all three major U.S. stock indexes.
A second wave of infections would likely snuff out the recent rally in equity markets and lead investors to position for a severe and prolonged global recession. There were some positive cues for markets with China reporting April credit growth accelerated to 12% from a year ago, a sign that the recovery from a collapse in the first quarter remained intact, the National Australia Bank said in a report.On Wall Street, the Dow Jones Industrial Average
TarekFatah Then stocks are going up now... you are opposite of news...
An uncertain pathway is currently paving its way into all of our lives.
These headlines are so lame. Making up reasons why stocks rise or fall. Stocks move because of liquidity. End of!!
No one should do business with China ever again