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Global stocks sink as US virus concerns offset Europe rebound hopes | Malay Mail

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NEW YORK, June 27 ― Global equities sank and perceived safe-haven assets like US Treasuries and gold gained yesterday as investors weighed hopes that Europe will continue to rebound from the coronavirus pandemic's economic damage against concerns over a record surge in new Covid-19 infections in...

Saturday, 27 Jun 2020 07:32 AM MYT

The euro zone is “probably past” the worst of the economic crisis, European Central Bank President Christine Lagarde said, while urging authorities to prepare for a possible second wave. “Even though we continue to see some pretty scary virus numbers coming out of the US, it's not really dented sentiment ― not to any sustained degree at least,” said Timothy Graf, head of macro strategy for EMEA at State Street Global Markets.

Spot gold added 0.5 per cent to US$1,769.63 an ounce. US gold futures gained 0.15 per cent to US$1,772.50 an ounce.

 

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