Reuters. File photo: Passing wearing a protective face mask In Tokyo, during the outbreak of coronavirus disease (COVID-19), Nikkei shares passed through a screen showing the average and world stock index.By Wayne Cole
SYDNEY (Reuters) – Rising cases of coronavirus in Europe and the United States threaten the global outlook, with Asian stocks falling on Monday as Asian stocks meet to consider the future of the economic giant.
New COVID-19 cases have been reported in the United States so far in the last two days, while France has also set unprecedented case records and Spain has declared a state of emergency.
Which is not linked to clear progress on the U.S. stimulus package by pulling S&P 500 futures down 0.5% (). EurostexX 50 futures () 0.4% and futures () 0.3% lighter.
Outside of Japan, MSCI’s broad index of Asia-Pacific stocks has flattened, short of its most recent 31-month high. Japan’s Nikkei () continued to fall on both sides, and South Korea’s main index fell 0.3% ().
Chinese Blue Chips () balanced growth with a 1.1% decline in charge of the country’s economic course by 2021-2520, with improvements between the uncertain global outlook and the ga sions tensions with the United States.
Graphic – Asian stock markets: https://product.datastream.com/dscharting/gateway.aspx?guid=516bc8cb-b44e-4346-bce3-06590d8e396b&action=REFRESH
The three major central banks watch meetings in a week full of monetary policy. Bank of Canada and Bank of Japan expect a fire for now, while the market assumes that the European Central Bank will be cautious on inflation and growth, even if they give up more easily.
Remaining data on Thursday predicts that U.S. economic output will rebound by .91..9% in the third quarter, after a historic second-quarter historic fall, led by consumer spending.
Analysts at Westpac have noted that due to such a surge, GDP will remain about 4% lower than at the end of last year, while business investment will still run poorly.
They argued in a note, “In order to fully recover lost activity, additional meaningful financial stimulus is necessary.”
U.S. The presidential election will be big again as the Democratic president and Congress are likely to move ahead in market prices, which is likely to lead to government spending and road borrowing.
That outlook stood at 0.8720%, their highest level since June last week
“We have also raised the prospect of a Democratic sweep, which is already our base case, rising from 40% to 50% and raising our biden’s chances of winning from 65% to 75%,” NatWest Markets wrote in a note.
“We see U.S. yield curves and a weaker dollar in the base case.”
The dollar remained flat on Monday, falling sharply last week. The euro is trading at 18 1.1840 () and below its most recent high of 1.1880 dollars, while the dollar was pinned at 104.80 yen.
After shedding about 1% last week, it became a fractional strong at 92.904 ().
In commodity markets, gold jumped 0.1% to 1,898 per ounce.
Expectations of an increase in Libyan crude supplies led to further declines in oil prices and concerns over demand caused by coronavirus cases in the United States and Europe.
Brent crude () futures fell 65 cents to 41 41.12 a barrel, while US crude fell 69 cents to close at. 39.16.
(This story was refilled in the headline to improve the S&P 500)
