Asian shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest.
FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song
E-mini futures for the U.S. S&P 500 were up 0.2% in early Wednesday trade, extending the gains so far this week to 1.4%. Various high-frequency data, such as restaurant bookings and mobility data, shows activity is also gradually recovering in many developed countries after bottoming out in April. “Stock markets are betting on a V-shaped recovery in July-September. But the gap between stock market and the real economy is growing. Many corporate executives must be now wondering why their companies’ shares are rising so much,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
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.
8 Asian American Beauty Founders On Their Most Formative Beauty LessonsAsian American beauty founders including Lauren Jin and Charlotte Cho discuss the beauty lessons that transformed them.
Read more »
PBS 'Asian Americans' Producer On Why Learning Racial History Matters More Than EverIn a time of racial tensions and division, filmmaker Renee Tajima-Peña says Asian-Americans' experience can provide lessons for how to move forward together. (WBEZ)
Read more »
Officer who stood by as George Floyd died highlights complex Asian American, black relations“People don't have a baseline of an understanding of what anti-blackness even is,” a Hmong American organizer told NBC Asian America.
Read more »
Black and Asian people in England more likely to die from COVID-19, says reportBlack and Asian people in England are up to 50% more likely to die after becoming infected with COVID-19, an official study said on Tuesday, putting pressure on the government to outline plans to protect the most at-risk communities.
Read more »
Black and Asian people in England more likely to die from COVID-19, says public health reportBlack and Asian people in England are up to 50% more likely to die after being infected with COVID-19, an official study said on Tuesday, reinforcing previous reports which indicated ethnic minority groups were more at risk from the virus.
Read more »
The officer who stood by as George Floyd died is Asian American. We need to talk about that.The image of now-fired officer Tou Thao, standing with his back turned as George Floyd died in Minneapolis police custody, has ignited a discussion around how to approach the topic of anti-blackness in the Asian American community. - NBCAsianAmerica
Read more »