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 risk-off sentiment is also likely to weigh on global markets, with e-Minis for the S&P 500 extending losses in Asia to be down 2.7% at 0633 GMT, from 1% earlier. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 2.3%, extending its losses from 0.3% earlier in the day, with Australian shares off 2.2% and South Korea falling 4.8%.
“We assume that any second wave is likely to be more manageable than the first given earlier policy experience,” analysts at Morgan Stanley wrote in a note.The risk-sensitive currencies of Australia hit $0.6779, the lowest level since June 2, after breaking below Friday’s low of $0.6800.Analysts said further tests awaited global markets this week – in particular whether re-opening hopes could still push equities higher.
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The end of first wave itself is not know, we are talking of the second wave.When this wave will stop and the waves of life commence? Eagerly awaiting&earnestly praying to the Almighty by whatever name called.The OPEC knows the trick of arresting the fall in crude prices-prod cut.
Its all fucked
It is desirable that the entire Asian country set aside about 20% of GDP as corona virus funding, and at the same time make financial investments.
We’re not even done with the first wave.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
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