Voice of America
29 Jun 2020, 17:05 GMT+10
European markets are mostly higher Monday, hours after Asian indexes went into freefall over growing pessimism about a quick post-pandemic economic recovery.
The FTSE index in London is up 0.2%, the CAC-40 in Paris is basically unchanged, and the DAX in Frankfurt is 0.3% higher.
Earlier Tuesday, the Nikkei in Tokyo lost 2.3% at the closing bell, with the Hang Seng in Hong down one percent and Shanghai's Composite index down 0.6%.
The S&P/ASX index in Sydney finished down 1.6%, Seoul's KOSPI index lost 1.9%, and Taiwan's TSEC is down one percent. Mumbai's Sensex is 0.6% lower in late afternoon trading.
Oil markets have recovered after a slow start Monday. U.S. crude oil is selling at $38.49 per barrel, pulling even percentage wise, while Brent crude, the international standard, is selling at $40.86 per barrel, down 0.3%.
Financial markets had begun a slow but steady recovery as governments around the world were beginning to reopen their economies after easing restrictions imposed to blunt the spread of the coronavirus pandemic. But U.S. markets sustained major losses Friday due to a dramatic surge of new infections across the country.
The Dow Jones and S&P 500 indices are trending higher in futures trading, while the Nasdaq is in negative territory ahead of Wall Street's opening bell.
Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...