SYDNEY, July 20 — Asian shares were downbeat today with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fiscal stimulus plans to fight the pandemic. MSCI’s broadest index of Asia-Pacific...
Chinese shares bucked the trend with the blue-chip CSI300 index up 0.8 per cent. — Reuters pic
Australian shares were among the biggest losers, falling 0.6 per cent, after coronavirus cases in the southeast state of Victoria continued to rise. Investor focus is on a European Union Summit where leaders are haggling over a plan to revive economies throttled by the coronavirus pandemic. “The commitment by EU leaders in extending talks, and reports of further talks if no agreement is reached today, shows the desire to have the recovery fund in some form,” said NAB analyst Tapas Strickland.In the United States, the Congress is set to begin debating a new aid package this week, as several states in the country’s South and West implement fresh lockdown measures to curb the virus.
“Wall Street remains upbeat, but sentiment on Main Street is turning grim in response to the upsurge in Covid-19 cases that is prompting a renewal of lockdown restrictions,” Oxford Economics said in a note.
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 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 »
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 defensive; eyes on EU summit, US stimulus talks | Malay MailSYDNEY, 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...
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 »
Deadlocked EU summit heads into third dayStandoff remains after richer member states refused blueprints for virus rescue plan. FMTNews EU
Read more »
EU extends summit after deadlock over Covid recovery planSummit chairman Charles Michel is due to hand new proposals before the 27 reconvene at noon (6pm Malaysian time) today.
Read more »