Dollar firm but stocks, oil under pressure as US-China tensions rise | Malay Mail

Monday, 04 May 2020 08:31 AM MYT

In thin trade, with China and Japan on holiday, US stock futures fell 1.6 per cent, US crude tumbled over US$1 a barrel, or 6 per cent, and futures for Australia’s benchmark ASX 200 index pointed to a negative open. US Secretary of State Mike Pompeo added to the jitters with remarks yesterday, when he said there was “a significant amount of evidence” that the new coronavirus emerged from a Chinese laboratory.

“The risk of a pullback has increased this week,” said Chris Weston, head of research at Melbourne brokerage Pepperstone. The Korean won sat by a one-week low at 1,224.76 per dollar, after an exchange of gunfire between North Korea and South Korea at the Demilitarised Zone raised tensions, a day after North Korean state media reported Kim Jong-un’s first public appearance since April 11.

West Texas Intermediate crude futures last sat at US$18.59 per barrel, down US$1.19, while Brent futures were down 2.4 per cent, or 64 cents, at US$25.80.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US processes over US$500b in small business loans to stem coronavirus fallout | Malay MailWASHINGTON, May 4 — The United States has made over US$500 billion (RM2.15 trillion) in loans to small businesses hit hard by the coronavirus pandemic, and about US$145 billion remains in the congressionally approved fund, the US Small Business Administration and Treasury Department said...
Source: malaymail - 🏆 1. / 86 Read more »