World markets subdued as coronavirus fears cloud recovery outlook

The stock markets of the world fell heavily on Monday as some governments returned to reunification due to epidemics due to virus cases, or may be warned. Traders have continued to revive banking, helping to recover from the worst recession globally. The Great Depression of the 1930s.

But progress is stalling. Wall Street saw a vicissitudes in Texas and Florida on Friday and reached behind bars again in the country’s biggest comeback. New coronoviruses have made a comeback in many places, particularly in the American South and West.

Asian markets exacerbated that decline, and shares rose slightly after a measure of economic sentiment in Europe on Monday. Germany’s DAX rose 0.3% to 12,130 and CAC 40 in Paris increased 0.1% to 4,916. Britain’s FTSE fell 0.4% to 6,183. Futures rose slightly, with the future S&P 500 up 0.2% and up 0.4% for the Dow industry.

According to a tally at Johns Hopkins University, the number of concerns has reached the top of 10 million, with Covid-19 reported over 500,000. Such data are thought to understand the problem due to testing issues and a large number of asymptomatic cases.

In Asian trade, Tokyo’s Nikkei 225 shed 2.3% to 21,995.04, while Hang Seng in Hong Kong fell 1.0% to 24,301.28. Cospi fell 1.9% to 2,093.48 in Seoul and Australia’s S & P / ASX 200 fell 1.5% to 5,815.00. Shanghai Composite fell 0.6% to 2,961.52. India’s Sensex dropped 0.8%.

Even after the virus outbreak erupted, economic data, which supersede such daily measures of the epidemic, are indicating a recovery, albeit a fragile one. “Opposing signals between Covid-19 proliferation and economic data is to maintain a sense of risk, and the market as a result. In a gridlock that occurs at the end of June,” said IGI’s Jingyi Pan. “As far as the weekend Speaking of Leeds, however, the topping of the 10 million mark for the global Covid-19 cases on Monday snatched the scale towards risk-off to go into the market. ”

China reported that the profits of major industrial companies increased 6% in May from a year earlier as demand declined and costs remained relatively low. This was up from a 4.3% drop in April. China’s oil refiners and other heavy industries have profited from falling prices for crude oil and other commodities as global demand has shrunk amid the epidemic. Profits fell more than 19% in January-May, the National Bureau of Statistics reported.

According to Johns Hopkins Tally, the number of confirmed new coronovirus cases per day in the US at the end of April exceeded 40,000 for three straight days, eclipsing the mark determined during the deadliest stretch in late April . Deaths and hospital deaths are increasing in some parts of the country, especially in the south and west. Stock market volatility is likely to persist as traders weigh such fluctuations in the trajectory of the epidemic.

The yield was stable at 0.65% on the 10-year Treasury note. The yield goes ahead with investors’ expectations for the economy and inflation and was above 0.7% for most of the previous week.

In energy markets, the US crude oil benchmark for August delivery rose 19 cents to $ 36.68 a barrel in electronic trading on the New York Mercantile Exchange. It fell 23 cents on Friday. Brent crude, the international benchmark for oil, rose 16 cents to $ 41.09 a barrel.

In currency practice, the dollar bought 107.18 Japanese yen, down from 107.22 yen on Friday. The euro was trading at $ 1.1280 to $ 1.1280.

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