While the number of COVID-19 hospitalisations seemed to be levelling off in New York state, deaths across the United States jumped by a record of more than 1,800.
Asian stocks were mixed on Wednesday after two sessions of sharp gains as investors tempered their optimism about the coronavirus while death tolls were still mounting across the globe.
While the number of COVID-19 hospitalisations seemed to be levelling off in New York state, deaths across the United States jumped by a record of more than 1,800.
Mainland China’s new coronavirus cases also doubled in 24 hours due to infected travellers returning from overseas.
Adding to the uncertainty were wild swings in the oil market, where prices rebounded in Asia after sliding on Tuesday, leaving traders feeling dizzy.
U.S. crude futures jumped 6.4% to $25.18 a barrel, having shed 9.4% the session before, while Brent crude added $1.02 to $32.89.
The erratic action was mirrored in equities with MSCI’s broadest index of Asia-Pacific shares outside Japan first falling almost 1% before clawing back to be little changed.
Japan’s Nikkei stood out with a rise of 2.3% as the confirmation of a state of emergency led some to buy back hard-hit transport and retail stocks. Shanghai blue chips lost 0.3%.
E-Mini futures for the S&P 500 recovered from an early drop to rise 1%, while EUROSTOXX 50 futures eased 0.3% and FTSE futures 0.5%.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Severity: Warning
Message: count(): Parameter must be an array or an object that implements Countable
Filename: amp/news_details_amp.php
Line Number: 252
Backtrace:
File: /home/smartmarketnews/public_html/application/views/amp/news_details_amp.php
Line: 252
Function: _error_handler
File: /home/smartmarketnews/public_html/application/controllers/Amp_controller.php
Line: 41
Function: view
File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once
Smarter Decisions with Smart News
Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.
media@smartmarketnews.com | sales@smartmarketnews.com
Contact Us