Back
Asia shares make guarded gains, virus breaks new records
Oct 26, 2020
SYDNEY (Reuters) - Global shares got off to a cautious start on Monday as surging coronavirus cases in Europe and the United states threaten the economic outlook, even as growth in China provides some support to Asia.
FILE PHOTO: Passersby wearing protective face masks walk past a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan October 5, 2020. REUTERS/Issei Kato
The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency.
That combined with no clear progress on a U.S. stimulus package to pull S&P 500 futures down 0.3% ESc1 .
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.1%, but remained short of its recent 31-month peak. Japan's Nikkei .N225 rose 0.2%, and South Korea's main index was up 0.4% .KS11 .
China’s top leaders will chart the country’s economic course for 2021-2025 at a meeting starting on Monday, seeking to balance growth and reforms amid an uncertain global outlook and deepening tensions with the United States.
A packed week for monetary policy sees three major central banks hold meetings. The Bank of Canada and Bank of Japan are expected to hold fire for now, while the market assumes the European Central Bank will sound cautious on inflation and growth even if they skip a further easing.
0Shares
0Comments
0Favorites
0Likes
Say something to impress...
Loading...
Comments
Hot

No content at this moment.

Relevant people
Reuters
45105 Followers
Official news from Reuters
Related