Asian stocks slipped on Wednesday on growing uncertainty over whether U.S. lawmakers would strike an agreement on an additional round of big ...
Asian stocks slipped on Wednesday on growing uncertainty over whether U.S. lawmakers would strike an agreement on an additional round of big fiscal stimulus to support an economy still struggling with the coronavirus pandemic.
Mainland Chinese shares fell 1.7per cent, weighed by worries about the economic recovery after data showed a slowdown in the country's money supply and bank lending growth.On Wall Street, the S&P 500 snapped a seven-day winning streak after coming within reach of its all-time peak hit in February just before the global outbreak of the COVID-19.The declines came as political gridlock between the White House and congressional Democrats over coronavirus relief continued for a fourth day.
The U.S. election campaigns look set to gather steam after Democratic presidential candidate Joe Biden selected Senator Kamala Harris as his choice for vice president. Russian President Vladimir Putin said on Tuesday his country was the first to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing.
Globally, the MSCI Value index has risen 1.6per cent so far this week while the MSCI Growth index lost 1.2per cent.Gold fell 1.6per cent to US$1,881.4 per ounce, a day after it suffered its biggest daily fall in seven years. Silver lost 3.2per cent to US$23.99 per ounce, following its 15per cent plunge on Tuesday.
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.
US's Azar says any US vaccine would be shared once US needs metU.S. Health Secretary Alex Azar said on Monday that any U.S. vaccine or treatment for COVID-19 would be shared fairly with the rest of the world, ...
Read more »
Kodak shares plunge after US blocks US$765 million loan dealShares of Eastman Kodak Co fell about 40per cent on Monday and were on track for their worst single-day decline after the U.S. government blocked ...
Read more »
US-China trade deal is fine, China still buying US goods: KudlowWASHINGTON (REUTERS) - China is continuing to buy US goods and particularly commodities under the US-China Phase 1 trade deal signed in January, despite rising tensions over Hong Kong and other issues, White House economic adviser Larry Kudlow said on Tuesday (Aug 11).. Read more at straitstimes.com.
Read more »
US inks US$1.5 billion deal with Moderna for 100 million doses of COVID-19 vaccineThe United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around ...
Read more »
SGX expands Asian equity derivatives, to launch 13 futures in August, SeptemberTHE Singapore Exchange (SGX) on Tuesday said it is 'significantly expanding' its shelf of benchmark equity derivatives, with a series of Asia ex-Japan and emerging markets Asia regional and single country futures. Read more at The Business Times.
Read more »
Mexico's new warning labels on junk food meet supersized opposition from US, EUThe United States, European Union, Canada and Switzerland, home to some of the world's biggest food companies, have pressed Mexico to delay ...
Read more »