SYDNEY, July 20 — Asian shares began warily today as investors eyed efforts to stitch together more fiscal stimulus in the eurozone and United States to help economies ride out the effects of a record jump in Covid-19 cases globally. MSCI’s broadest index of Asia-Pacific shares outside Japan...
Investor focus is squarely on a European Union Summit where leaders are haggling over a plan to revive economies throttled by the Covid-19 pandemic. — Reuters pic
Last week, European, US and other equity markets notched their third weekly gain in a row, although the pace of the rally has slowed. The leaders are at odds over how to carve up a vast recovery fund designed to help haul Europe out of its deepest recession since World War Two, and what strings to attach for countries it would benefit. Diplomats said it was possible that they would abandon the summit and try again for an agreement next month.
The virus has claimed over 140,000 US lives in total since the pandemic started, and Florida, California, Texas and other southern and western states shatter records every day. “Furloughed workers are more pessimistic about getting their jobs back; they are also becoming more concerned about the loss of income if a fiscal package with new relief is not forthcoming.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares defensive Monday; eyes on EU summit, US stimulusSYDNEY: Asian shares began warily on Monday as investors eyed efforts to stitch together more fiscal stimulus in the eurozone and United States to help economies ride out the effects of a record jump in COVID-19 cases globally.
Read more »
Asian shares stumble ahead of EU Summit, U.S. stimulus talksSYDNEY: Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts ...
Read more »
EU condemns US sanctions policy | Malay MailBRUSSELS, July 18 — The EU's diplomatic chief yesterday attacked the US over its use of economic sanctions, after Washington opened the way to measures over Russia's controversial Nord Stream 2 gas pipeline. Josep Borrell, the EU's high representative for foreign affairs, said Washington's...
Read more »
EU leaders deadlocked over Covid recovery plan after a day of haggling | Malay MailBRUSSELS, July 18 — EU leaders failed yesterday to make headway in negotiations over a massive stimulus plan to breathe life into economies ravaged by the coronavirus pandemic, returning to their Brussels hotels shortly before midnight to rest and try again in the morning. Many of the 27 heads...
Read more »
Spain tells millions stay home as EU meets on virus rescue plan | Malay MailBARCELONA, July 18 — Four million residents of Spain's second city Barcelona were told to stay at home yesterday, as virus cases rise, while EU leaders met in Brussels seeking to rescue Europe's economy from the ravages of the pandemic. “We must take a step back to avoid returning in coming...
Read more »
Deadlocked EU summit heads into third day | Malay MailBRUSSELS, July 19 — An acrimonious EU summit headed into a third day today as leaders remained deadlocked over a huge post-coronavirus economic recovery plan, unable to overcome fierce resistance from the Netherlands and its “frugal” allies. European Council president Charles Michel was...
Read more »