SINGAPORE (Reuters) – Asian shares struggled to extend the week’s rally on Friday and gold and bonds are fixed, such as a skeptical press, it is returned to the report, some of the hopes for a COVID dented-19 vaccine and the concerns about the global recovery from the pandemic.
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
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. The risk-sensitive Australian dollar pulled back from a two-month high hit on Tuesday and safe-haven demand pushed U. s. Treasury yields back below 0.7%.
The European futures markets were subdued, with the DAX futures and Euro Stoxx 50 futures down 0.3 percent. The S&P 500 futures rose 0.6%.
The drift follows a downbeat end to a Tuesday trade on Wall Street, according to a report from medical news website STATISTICS, cast doubt on the encouraging early results of a museum for Modern art, Inc COVID-19 vaccine trial.
The report said, the results that you had, shut global equities this week, and it lacked detail.
This is probably more of a stabilization than anything else, because the markets have rallied hard, opens up the potential for a V-shaped recovery,” said Jun, In September, a portfolio manager in Australia Tribeca Investment Partners.
“The market has confused a bit rich,” she said, with investors waiting for their next cues from Outlook comments, and the question of the surveys.
Two-thirds or 223 of the Fund managers interviewed, the count of the Bank of America, current profits are in a bear-market rally.
Around Asia, the Chinese yuan and the shares in Hong Kong and China, idled just went through, to hear as investors wait for the government, the economic plans, to be announced during the annual Assembly of the Parliament, starting on Saturday.
Australian shares are ground, higher and Japan’s Nikkei rose 1%, helped by a softer yen and expectations that falling rates of infection is a case for the rapid success of the re-opening.
Oil was stable, and the benchmark 10-year yields on U. S. Treasury notes dipped 1.5 basis points to 0.6948%. Yields fall when prices rise.
Gold rose slightly to $1,745.84 per ounce of gold.
Doubts about the outlook commodity prices kept further gains, as more bad news pour.
Japanese companies that broke the trust, a decade of falling lower as the economy is in a recession, while the Australian retail sales suffered their biggest ever in the month of April. British first-time applications for unemployment aid are at their highest in 20 years.
And the U. s. economy has not lost ground again until sometime after the next year, the nonpartisan Congressional Budget Office said on Tuesday.
Brent crude oil futures rose by 1% per barrel to $34.93, and the U. s. crude oil rose 0.7% to $32.17.
Not to relax “while countries have begun to restrictions on economic and social activities, economies back to where things were before the outbreak,” said a strategist at Singapore’s DBS bank in a note.
“The geopolitical tensions, especially between the U.S. and China, have also returned, and are probably still the elections in November will intensify in the U.S. market.”
In the currency markets, the euro remained supported, the series is a Franco-German proposal for a common relief Fund is a possible way through the tensions between members of the European Union. It crept up to $1.0940.
Other important stabilized, while the Aussie and the kiwi has struggled, mostly without success, to break out of the ranges of the hero theme for the month.
Additional reporting by Chris Prentice in Washington, dc. Edit by Sam Holmes and Jacqueline Wong