ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2021-01-16  |  UPDATED: 1399/10/27 - 15:39:1 FA | AR | PS | EN
Fatimah (S.A), daughter of Prophet Muhammad (A.S) and Lady Khadija (S.A)            Turkey to continue talks with Russia on 2nd batch of S-400 air defense systems: Erdogan            Russia: Iran is ívictim of terrorismí, among ípioneersí in fight against terror             US warns India against S-400 purchase deal with Russia: Report            Tunisian protesters, security forces clash after police beating of shepherd             US murder increase in 2020 triples previous annual record            IRGCís missiles destroy mock enemy warships 1,800 kilometers away during drills            Cuba blasts US sanctions on interior ministry as Ďcoercive measureí            WhatsApp postpones data-sharing change after backlash             Parliament rejects draft budget for second time            Bamiyan youth take to the slopes in first skiing contest of the season             Two police personnel killed in targeted explosion in Kabul             12 local police killed in Taliban attack in Herat             House votes to impeach Donald Trump with just a week to go before he is due to step down            Johnson triggers diplomatic row with China by blaming it for coronavirus pandemic            


DATE PUBLISHED: 1399/07/24 - 15:05:1
VISIT: 235
SHARE WITH YOUR FRIENDS

Asian, European stocks sink as virus, stimulus sour mood


A man looks at an electronic board showing a stock price of K-pop management agency Big Hit Entertainment after the companyís initial public offering ceremony at the lobby of the Korea Exchange in Seoul on October 15, 2020. (AFP photo)

Concerns about the reimposition of virus lockdowns, stalled vaccine trials and dimming hopes of new US stimulus soon weighed on Asian and European markets Thursday.

Regional investors tracked another sell-off in New York, where all three main indexes turned negative after Treasury Secretary Steven Mnuchin warned that while talks continued, Republicans and Democrats were still "far apart" on a rescue package.

While the broad view is that a new spending package will get passed eventually, the comments reinforced expectations that there will be nothing before next monthís presidential and congressional elections.

"This has been an ongoing drama," said Paul Nolte, at Kingsview Investment Management.

"The latest twist I heard is nothing is going to get done until the election. Thatís why I think youíre getting the market selling off a little bit."

However, analysts said traders were taking comfort from the possibility that Joe Biden and the Democrats will win the presidency and both houses of Congress, paving the way for a bigger stimulus than anything that could be agreed before the vote.

Adding to the downbeat mood on trading floors is the surge in coronavirus infections in Europe, which is forcing governments to revert to tough containment measures that observers fear could deliver a blow to a tentative recovery from national lockdowns earlier this year.

France on Wednesday imposed a curfew in Paris and eight other cities -- covering almost a third of the countryís population -- for as long as six weeks, while Germany and Ireland also ramped up restrictions.

The moves follow a partial lockdown in the Netherlands and increasingly strict measures in Britain.

íRough winterí warning

The crisis comes after hopes for a vaccine were dealt a blow by news that Johnson & Johnson had halted advanced trials after a volunteer fell ill, while Eli Lilly paused work on a treatment.

"The European Covid situation has been deteriorating again this week and more and more countries are introducing strict containment measures," said Gorilla Trades strategist Ken Berman.

"France, Spain, Italy, the UK, and Germany are all under pressure, and since the recent economic releases already showed worrisome trends, the contingent might be heading for a rough winter."

Tokyo suffered steep losses, while Mumbai, Taipei, Manila and Wellington were also in the red. Singapore and Hong Kong were both well down, with little reaction from news that the two citiesí governments were pushing ahead with plans to open a travel bubble in a first for Asia.

Seoul lost 0.8 percent, though shares in Big Hit Entertainment -- the management agency of K-pop sensation BTS -- more than doubled on their debut after the initial public offering was more than 600 times oversubscribed.

The firm soared from its IPO price of 135,000 won ($118) to its daily limit of 351,000 won before settling back to end at 258,000 won -- giving it a market capitalisation of $7.6 billion and putting it among South Koreaís top 40 most valuable companies.

London, Paris and Frankfurt all tumbled around two percent in the morning.

The pound was struggling ahead of a European Union summit where leaders will discuss post-Brexit trade talks, with Prime Minister Boris Johnson urging them to give ground or see Britain walk away with no deal.

While talks are stuck on fishing quotas and fair competition rules, EU officials say they believe an agreement can be found but do not recognise Londonís Thursday deadline for a deal and say they will not make one "at any price".

 

(Source: AFP)

LINK: https://www.ansarpress.com/english/20866


TAGS:






*
*

*



SEE ALSO

Parliament rejects draft budget for second time


Imported Power from Uzbekistan Increases to 400MW


DABS working to increase power load from Uzbekistan


Bitcoin Tops $41,000, Setting New All-Time Record


Afghan, Iran local officials sign trade agreement


Oil gains with supply constraints in focus after Saudi cuts


Nearly 4,000 financial firms in UK could fail due to COVID: Regulator


US considering banning investments in Alibaba, Tencent by Americans


US imposes new tariffs on French, German products in Airbus-Boeing spat


Afghan parliament rejects next yearís budget





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

Lady Fatimah Zahra (S.A), after demise of Prophet Muhammad (PBUH)

Fatimah (S.A), daughter of Prophet Muhammad (A.S) and Lady Khadija (S.A)

Turkey to continue talks with Russia on 2nd batch of S-400 air defense systems: Erdogan

Russia: Iran is ívictim of terrorismí, among ípioneersí in fight against terror

US warns India against S-400 purchase deal with Russia: Report

Tunisian protesters, security forces clash after police beating of shepherd

US murder increase in 2020 triples previous annual record

IRGCís missiles destroy mock enemy warships 1,800 kilometers away during drills

Cuba blasts US sanctions on interior ministry as Ďcoercive measureí

WhatsApp postpones data-sharing change after backlash

Parliament rejects draft budget for second time

Bamiyan youth take to the slopes in first skiing contest of the season

Two police personnel killed in targeted explosion in Kabul

12 local police killed in Taliban attack in Herat

House votes to impeach Donald Trump with just a week to go before he is due to step down

Johnson triggers diplomatic row with China by blaming it for coronavirus pandemic

Iran says US blacklisting of Yemenís Ansarullah will kill political process, talks

People plotting to do danger: US senator

Absolutely groundless: Russia rejects US claim of Iran-Qaeda ties

Afghan MPs: No System Acceptable Except Republic

J&J may not meet US COVID-19 vaccine supply target by spring: NYT

End of Trump era heralds failure of economic terrorism, bullying: President Rouhani

Venezuelaís Maduro denounces US ícriminal policyí at new parliament

Iran Navy starts military drills in southern waters, takes delivery of two warships

Russian opposition figure Alexei Navalny íto return to Russia on Jan. 17í

US threatens to sanction European firms helping Nord Stream 2 pipeline

North Korean leader pledges to strengthen military, nuclear arsenal

UAEís flag carrier suspends Tunisian pilot for refusing to fly to Israel

Lebanon files complaint with UN Security Council over Israeli violations

Iran: Pompeoís claims of al-Qaeda ties preposterous, shows failure of pressure policy

US rejects claims its pushing for interim government in Afghanistan

Millions of WhatsApp users migrate to Signal and Telegram

Ethiopia warns Sudan against igniting war at disputed border region

US faces extraordinary humiliation as Europeans refuse to meet with Pompeo

EU, OIC slam Israelís plan to build more illegal settler homes in West Bank

Several House Republicans join Democratsí bid to impeach Trump

Israel launches fresh airstrikes on Syriaís east: SANA

US claims show failed maximum pressure policy against Iran: FM spox

US state Capitols brace for armed protests against Biden victory

EU slams US blacklisting of Yemenís Houthis, warns of aid delivery disruption


MEDICAL NEWS


ANSAR PRESS ©  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. ›—ś‘ź«Ś «یš —š ی šŕŠ»šŌ«š