LONDON: World shares hit two-week lows and oil fell nearly 2per cent on Monday as the relentless spread of the coronavirus curbed optimism on the global economy, prompting investors to take shelter in safe-haven bonds and gold.
"The market is caught in a real battle between recovery optimism and news of increasing cases in certain geographical areas such as the U.S," said John Woolfitt, director of trading at Atlantic Capital Markets.Sovereign bonds benefited from the shift to safety with yields on U.S. 10-year notes near 0.64per cent, having briefly been as high as 0.96per cent early in June. German government bond yields clung to one-month lows on Monday.
"Financial markets remain extremely fragile, having to weigh worsening virus news against improving economic data," said Marija Veitmane, senior strategist at State Street Global Markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amateurs pile into Asian stocks, making pros nervousTOKYO (BLOOMBERG) - When the coronavirus pandemic sent shares plunging, you didn't have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren't.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
EMERGING MARKETS-Indonesian rupiah, Philippine stocks weakest as virus fears mountREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »
Seoul: Stocks tumble as virus dents recovery hopes[SEOUL] South Korean shares on Monday tumbled near 2 per cent as investors sought safe assets after a resurgence in global coronavirus cases dented recovery hopes. The Korean won inched up, while the benchmark bond yield rose. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia stocks slip as coronavirus cases surgeAsian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks slip as coronavirus cases surgeSYDNEY (REUTERS) - Asian share markets got off to a shaky start on Monday (June 29) as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the US dollar.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »