Stock Markets Trade Weakly on Renewed Pessimism

Stocks begin the week on a down note, with global shares mixed.

Global markets traded mixed to lower on Monday, as news of the coronavirus outbreak's relentless spread overcame signs of progress in some of the hardest-hit countries.

European markets opened mixed after a largely muted trading day in Asia, despite a big stock rally in the United States on Friday. Futures markets were predicting Wall Street would slump when it opens.

The United States appeared to make progress in stabilizing its response. Lawmakers said they were nearing a deal for a new support package for small businesses, and President Trump said the authorities would step up testing. But protests in some states against the lockdowns underscored the economic damage that many households are suffering, in the United States and around the world.

Underscoring the unease, prices for U.S. Treasury bonds rose, suggesting investors were putting their money in safer havens. Oil prices whipsawed, as futures contracts expired at a time of weakening demand for oil.

In other markets, Hong Kong's Hang Seng index was trading 0.2 percent higher. In mainland China, where the authorities on Monday extended interest rate cuts to more parts of the economy, the Shanghai Composite index rose 0.5 percent.

In South Korea, the Kospi index fell 0.8 percent. In Australia, the S&P/ASX 200 index was down nearly 2.5 percent.

In London, the FTSE 100 index was lower early, then traded 0.5 percent higher. France's CAC 40 index was up 0.3 percent. In Germany, the DAX index was up 0.7 percent.

Comments

Amazing facts about environment before after Corona

Images of New Delhi, India on Oct. 28, 2019, left, and April 20, 2020. India's air quality improved drastically during a nationwide lockdown to curb the coronavirus. Earth Day 2020: Startling photos show pollution before and after the coronavirus lockdown This combination of Monday, Oct. 28, 2019, top, and Monday, April 20, 2020 photos shows India Gate in New Delhi. India's air quality improved drastically during a nationwide lockdown to curb the COVID-19 coronavirus. Images of New Delhi, India on Oct. 28, 2019, left, and April 20, 2020. India's air quality improved drastically during a nationwide lockdown to curb the coronavirus. Just in time for Earth Day 2020, a new photo report reveals the visible transformation in the global atmosphere from the time before the era of coronavirus and now.t Saellite images, radar maps and photos from the ground taken prior to mid-March depict international industrial hubs, including New York City and New Delhi, as well as expanses of

The Vanishing Ice: Climate Change and Its Dire Impact on Arctic Wildlife

Introduction: In the vast, icy expanses of the Arctic, a silent crisis is unfolding. The effects of global warming are nowhere more apparent than in this frigid wilderness, where the reality of climate change has become a daily struggle for survival for its inhabitants. The Shrinking Arctic Ice: At the heart of this crisis is the rapid melting of sea ice. The Arctic's ice caps, integral to the region's ecosystem, are shrinking at alarming rates. This loss of ice is not just a statistic; it's a dramatic shift that is uprooting the lives of the wildlife that call the Arctic home. Polar Bears: Icons of Climate Change: Polar bears, the majestic symbols of the Arctic, are perhaps the most visibly affected. Dependent on sea ice for hunting seals, their primary food source, these bears are finding their hunting grounds disappearing. As a result, they are forced to swim longer distances and face starvation, leading to a decline in their population. Arctic Foxes and Seals: Adapting

Ozone hole above Arctic caused due to unusual atmospheric conditions closes

A hole in the ozone layer above the Arctic caused due to unusual atmospheric conditions, including freezing temperatures in the stratosphere, has closed. The development was confirmed by Copernicus Atmosphere Monitoring Service (CAMS) and Copernicus Climate Change Service (C3S) implemented on behalf of the European Commission. The hole was first spotted by scientists in late March this year.

factrend

Search This Blog