HONG KONG, April 28 — Asian stocks mostly rose today as investors track government moves to ease lockdown measures around the world, helping extend the previous day’s rally, but US oil prices suffered another collapse. While data is beginning to highlight the impact coronavirus has had on...
Focus this week is on policy decisions by the Federal Reserve and European Central Bank, after the Bank of Japan said it would lift the limit on its bond-buying programme to provide liquidity to financial markets. — AFP pic
However, profit-taking and concern that some containment measures could be lifted too soon — leading to a possible second wave of infections — are tempering any surge across markets. Wellington surged more than three per cent as investors returned from a long weekend when the New Zealand government declared victory in its battle against the virus and considered lifting restrictions.In early trade, London edged down but Paris and Frankfurt were slightly higher.
WTI plunged more than 14 per cent below US$11 a barrel today, a day after it lost a quarter of its value, after a major exchange-traded fund started selling its short-term contracts of the commodity.
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