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.
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.
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