Japan’s Nikkei eased 0.7 per cent, after jumping almost 5 per cent yesterday for its biggest daily gain in three months. — Reuters pic
“However, provided any second wave is relatively mild in terms of pressure on health systems and the number of deaths, it’s unlikely to reap the havoc seen back in March.” MSCI’s broadest index of Asia-Pacific shares outside Japan went flat, having climbed 2.8 per cent the previous day, with most markets across the region little changed.
The Trump administration was also reportedly preparing an up to US$1 trillion infrastructure package, something that was initially promised more than three years ago.“There is little doubt that the global economy bottomed in April and is poised to post record-high growth rates over May and June, strongly lifting 3Q GDP above its 2Q trough,” wrote economists at JPMorgan.