Asian shares mixed on fading US stimulus hopes, virus concerns

Asian shares were off to a mixed start on Thursday as hopes of US fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.

Downbeat comments from US Treasury Secretary Steven Mnuchin that a stimulus deal was unlikely be made before the November 3 vote weighed on fragile investor sentiment.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1per cent .
  • Australia’s S&P/ASX 200 rose 0.6per cent , while Japan’s Nikkei 225 fell 0.3per cent.
  • Hong Kong’s Hang Seng index futures were down 0.49 per cent.
  • E-mini futures for the S&P 500 were flat.

Currency Markets

  • The US dollar index, which measures the greenback against a basket of six major currencies, fell 0.15per cent , after pulling its best day in three weeks on Tuesday, with the euro unchanged at $1.1746.
  • The yen gained 0.4per cent to hit a near two-week high of 105.11 against the dollar.

Oil Prices

  • A weaker dollar, which makes oil cheaper for holders of other currencies, supported oil prices.
  • Brent crude gained 92 cents, or 2.2per cent , to $43.37 a barrel.
  • US West Texas Intermediate added 87 cents, or 2.2per cent , to $41.0.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy