Asian stocks gain on hopes pandemic is approaching peak

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

New York Governor Andrew Cuomo said the state’s efforts at social distancing were working in getting the virus under control in one of the biggest hot spots in the United States. The S&P 500 gained 3.41% on Wednesday, helped by hopes the pandemic was nearing its peak. However, U.S. stock futures gave up earlier gains to be down 0.27%

McDonald’s Corp said global comparable sales tumbled 22.2% in March, while Starbucks Corp forecast a 47% drop in second-quarter earnings.

stanleywhite1 ChrisPrentice Things will never be the same unless there is a go-to treatment or better a vaccine

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Asian companies pose lower dividend risk due to stronger financesAsian firms appear better equipped to pay stable dividends compared with their western counterparts that are constrained by highly levered balance-sheets and a need to preserve cash during the coronavirus outbreak. China will have to pay for this pandemic. Big heat for the stock tip I have negative ten grand in my account I’m about to blow on Mitsubishi Strange. Reuters just had a story about ten minutes ago that asian markets were rebounding.. which is it 🤔 the later I suppose
Source: Reuters - 🏆 2. / 97 Read more »