News Formal

Survey: Asian business sentiment plunges to record low on virus effect | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 86%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

SINGAPORE, June 17 — Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/Insead survey found, with some two-thirds of the firms polled flagging a worsening Covid-19 pandemic as the biggest risk over the next six months. While the pandemic’s...

Wednesday, 17 Jun 2020 11:49 AM MYT

While the pandemic’s initial impact was reflected in the March survey, confidence during the June quarter fell by a third to 35, only the second time the Thomson Reuters/Insead Asian Business Sentiment Index has slumped below 50 since the survey began in the second quarter of 2009. “We ran this survey right at the edge when things were getting really bad,” Antonio Fatas, Singapore-based economics professor at global business school Insead, said of the survey conducted between May 29 and June 12.

After weeks with almost no new coronavirus infections, China recorded dozens of new cases in recent days, roiling fragile equity markets. South Korea too faces an uptick after early successful containment.Participants included Thai hospitality group Minor International, Japanese automaker Suzuki Motor Corp , Taiwanese contract manufacturer Wistron Corp and Australia-listed Oil Search.

Last week, the US Federal Reserve said it would likely hold its benchmark interest rate near zero through 2022, signalling it expects a long road to recovery.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 1. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asian stocks set to rise as drug trials, data push Wall Street higher | Malay MailWASHINGTON, June 17 — Asian stocks were set to climb today after another late Wall Street surge in response to upbeat trial results for a Covid-19 treatment and data showing US consumers spent big in May. The prospects of fresh support from the Federal Reserve and Bank of Japan also supported...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »

Bursa rebounds, key Asian market climb on US Fed planKUALA LUMPUR: Bursa Malaysia rebounded in early Tuesday trade, in line with key Asian markets as investor confidence was boosted by the US Federal Reserve’s bond purchase programme.
Источник: staronline - 🏆 4. / 75 Прочитайте больше »