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Asian shares retreat as coronavirus surge hits sentiment

By Stanley White and Suzanne Barlyn

TOKYO/NEW YORK Oct 16 (Reuters) – Asian stocks gave up early gains and fell on Friday, as a resurgence of coronavirus infections in Europe and the United States hurt risk appetite.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.22%.

U.S. stock futures also eased 0.12%.

Shares in China initially rose as investors snapped up banking shares due to an improving earnings outlook, but the broader market surrendered those gains and fell 0.55%.

Australian stocks fell 0.72%. Japanese stocks shed 0.49%, and South Korean shares lost 0.98%.

Oil futures extended declines in Asian trade as another round of lockdowns to contain the spread of the coronavirus threatens to further weaken global energy demand.

Euro Stoxx 50 futures were up 0.5%, German DAX futures rose 0.47%, and FTSE futures gained 0.6%.


President Donald Trump’s offer on Thursday to raise the size of a fiscal stimulus package to win the support of Republicans and Democrats helped narrow Wall Street’s losses, though many investors still believe a deal is unlikely before the Nov. 3 election.

„There’s a bit of worry there and also at what we’re seeing in America and in Europe regarding the virus and how it seems to be taking hold pretty significantly again,“ said Grant Williamson, investment adviser at Hamilton Hindin Greene in Christchurch, New Zealand.

On Wall Street, the Dow Jones Industrial Average fell 0.07%, 우리카지노계열 the S&P 500 0.15% and the Nasdaq Composite dropped 0.47%.

An unexpected rise in U.S.

weekly jobless claims figures added to worries about a sputtering world economy, especially in the face of a spike in COVID-19 cases in Europe.

The dollar index stood at 93.819, close to a two-week high as signs of a stalling U.S. economy drove safe-harbor flows into the greenback.

The one currency that the dollar fell against was the yen, which strengthened 0.22% to 105.24 per dollar given the Japanese currency is also seen as a haven.

The euro was unchanged at $1.1704, while a firmer U.S.

dollar dragged on sterling, which was last trading at $1.2893, down 0.17% on the day.

Spot gold fell 0.22% to $1,904.53 an ounce.

The coronavirus outbreak originated in China last year, but Beijing’s aggressive efforts to control the virus mean its economy is recovering faster than other major countries, 메리트카지노 which suggests an improvement in corporate earnings.

Hong Kong shares in Semiconductor International Manufacturing Corp (SMIC) rose 0.81% on Friday after China’s top chipmaker raised revenue and gross margin forecasts for the third quarter.

In contrast, many European countries have resumed lockdowns, and London will enter a tighter COVID-19 lockdown from midnight on Friday as Prime Minister Boris Johnson seeks to tackle a swiftly accelerating second coronavirus wave.

The European Union put the onus on Britain to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days, another negative for sterling.

The Australian dollar fell 0.3% versus the greenback at $0.7075, hurt by a decline in commodities.

Oil prices were weighed by concerns about the coronavirus and its impact on the world economy.

Brent crude futures fell 1.11% to $42.68 a barrel, while U.S. crude futures slipped 1.1% to $40.51 a barrel.

Traders‘ preference for safety helped government bonds. The yield on U.S. Treasuries benchmark 10-year notes eased to 0.7289%, while the two-year yield held at 0.1390%.

(Editing by Sam Holmes and Jacqueline Wong)

Czech Republic – Factors To Watch on Oct 19

PRAGUE, Oct 19 (Reuters) – Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday.

ALL TIMES GMT (Czech Republic: GMT + 2 hours) =========================ECONOMIC DATA========================== Real-time economic data releases…………….. Previous stories on Czech data…………. **For a schedule of corporate and economic events: website =========================NEWS/EVENTS============================ COVID-19 STATISTICS: The Czech Republic reported 5,059 new COVID-19 cases on Sunday, bringing the total number of cases detected since March to 173,885, a rise of over 100,000 in October alone.

Deaths have climbed to 1,422, up from 698 on Oct. 1. The number of hospitalisations has risen to 3,519, and those in intensive care number 587. website CENTRAL BANK’S BENDA: The Czech central bank is likely to be able to maintain rate stability even as a second wave of the coronavirus pandemic slows the economic recovery, 우리카지노사이트 board member Vojtech Benda was quoted as saying.

CENTRAL BANK’S NIDETZKY: Czech central bank monetary policy is likely to stay loose for the next year to support the economy and interest rate stability is the most likely scenario, Vice-Governor Tomas Nidetzky was quoted as saying on Monday. CORONAVIRUS MEASURES: The Czech Republic, which has the highest coronavirus infection rate in Europe, will wait at least two weeks before deciding whether to order a full lockdown to stem its epidemic, Deputy Prime Minister Karel Havlicek said on Sunday.

The Czech Fire Rescue Service said it had sent a formal request through European Union channels for ventilators. In Prague, 우리카지노주소 more than 2,000 sports fans according to city hall estimates, including militant soccer supporters‘ groups known as ultras, protested against the coronavirus measures, defying restrictions on gatherings.

Police used water cannon and tear gas amid clashes. HOSPITALS: The Czech healthcare system faces a difficult few weeks ahead but is not threatened by collapse, health officials said on Friday after another record one-day increase in COVID-19 cases, extending the biggest surge in new infections in Europe.

SLOVAKIA: The Slovak government on Sunday approved plans to use up to 8,000 armed forces personnel to support mass testing of the population for COVID-19 as it battles a surge of infections. The country of 5.5 million wants to test people over the age of 10 over two weekends from Oct.

30 using so-called antigen tests, although it is still undecided whether the tests will be mandatory. LOAN PROGRAM: The Czech government on Friday approved an extension to a $6.5 billion loan guarantee programme for companies hurt by the coronavirus crisis, alongside other measures to aid businesses struggling in the latest COVID-19 wave.

DEBT: The Czech Republic’s gross central government debt dropped slightly on the quarter to 2.072 trillion crowns ($89.15 billion) at the end of September, the Finance Ministry said on Friday, showing an easing of issuance after a record first half. CEE MARKETS: Most Central European currencies eased further on Friday at the end of a week of steep losses as countries in the region passed COVID-19 milestones of deaths and new cases nearly every day, which unnerved investors.

========================PRESS DIGEST========================== POLLS: Prime Minister Andrej Babis’s ruling ANO party saw its support in a Kantar CZ poll fall to its lowest since 2017. ANO sits in the lead at 24.5%, 우리카지노총판 ahead of the Pirates party at 19%. ANO’s coalition partner the Social Democrats were below the 5% threshold.

Lidove Noviny, 우리카지노쿠폰 page 3 HOLIDAY SHOPPING: Industry Minister Karel Havlicek said the government did not want to close shooping centres or stores in the pre-Christmas period but would set restrictions affecting distancing and hygiene. Pravo, page 2 MINISTER TESTS POSITIVE: Agriculture Minister Miroslav Toman is the first government minister to test positive for COVID-19.

website REMDESIVIR: The government ordered 10,000 doses of Remdesivir for 200 million crowns ($8.60 million) last week. website (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: prague.newsroom@thomsonreuters.com ($1 = 23.2550 Czech crowns) (Reporting by Prague Newsroom)

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