WASHINGTON (Reuters) – Asian shares are likely to come under pressure on Tuesday, tracking declines on Wall Street, while gold prices were supported by safe-haven demand, as economic indicators pointed to further signs of the recession.
FILE PHOTO: A passer-by wearing a mask, a protective face to fit after an outbreak of the corona virus, walks, an electronic Board showing the graph of the recent movement of Japan’s Nikkei share average outside a brokerage in Tokyo, Japan, 6. March, up to the year 2020. REUTERS/Issei Kato
The Hong Kong futures fell 0.23% and Australian shares have opened lower, tracking U.S. losses in the market, and as diplomatic tensions between Canberra and Beijing rose. Nikkei futures little changed versus the usd denominated Nikkei 225 index the previous close.
Australia and China traded barbs on Tuesday in an increasingly bitter splattered all over Australia’s support for a global investigation into the origins of the feline corona-virus-pandemic.
Wall Street fell in late-day trade, according to a report from a medical news site, of NAPLES, said that early data from international Gallery of modern art Inc.’s COVID-19 vaccine was not sufficient. Signs of economic contraction, the muted euphoria of the investors saw on Monday, there are other countries that loosened corona virus lockdown restrictions.
“The equity markets have exuberance errors when building on Tuesday where it is based, in part, by the excitement over the U. s. company, international Gallery of modern art early-COVID-19 vaccination, test results, drug”, in the case of the National Australia Bank analysts said in a Friday note.
The data showed U.S. home construction fall by the most on record last month, and the permits for future construction tumbled, stoking fears of feline corona-virus-pandemic lead to the deepest recession in the second quarter since the Great Depression.
The Dow Jones Industrial Average fell 1.59%, the S&P 500 lost 1.05% and the Nasdaq Composite fell 0.54%.
In The United States on Tuesday, extends the restrictions on cross-border travel with Canada and Mexico.
Spot-gold prices were little changed and not far from Tuesday’s more than 7-1/2-year high, driven by safe-haven appeal amid economic uncertainty.
Europe’s STOXX 600 index and the MSCI indicator of stocks around the world, they both fell to the ground. The euro and European government bonds closed on a French-German proposal for the funding of financial aid to the regions hardest hit by the pandemic.
Oil prices gained earlier after the U.S. Treasury Secretary, said that the legislature would put certain stimulus measures.
Additional reporting by Tom Westbrook in Singapore; editing by Sam Holmes