Stock market news today: China's reopening underscored by rising Covid infections

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

US stocks edge higher as investors weigh China's COVID surge and reopening of its borders

US stocks edged higher on Wednesday as investors weighed rising COVID infections in China and the country's reopening efforts.

Oil prices slid after touching a three-week high in the previous session as traders growing concerned that Beijing is moving too quickly to reopen. China announced on Monday that incoming visitors into the country would no longer be required to quarantine starting January 8. Crude also fet pressure from news that Russia will ban oil sales to countries participating in the G7 led effort to cap prices starting February 1. Freezing domestic temperatures in the US over the past week has also hampered oil and gas production, and refiners in both North Dakota in Texas were working to resume normal operations at facilities afflicted by the arctic blast.

 

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

美国股市上涨,因投资者对中国新冠肺炎疫情激增和重新开放边境表示担忧

China number 1

👏🏻

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:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asian Stock Market: Remains weak despite China’s progressive steps for easing Covid curbsMarkets in the Asian domain are facing selling pressure after S&P500 failed to carry-forwarded Friday’s revival move on Tuesday. Mild strength in the
Source: FXStreetNews - 🏆 14. / 72 Read more »