Asian stocks slip as virus cases surge

Asian share markets have had a shaky start as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the US dollar. MSCI’s broadest index of Asia-Pacific shares outside...

Gold rebounds as virus rates knock stocks

Gold erased earlier losses on Friday as the coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise. Spot gold rose 0.3 per cent to $US1,767.28...

Global stocks, oil up despite virus surge

Markets have showed signs of optimism, with European shares opening higher and oil prices rising despite a record number of new COVID-19 infections in the United States. They rose across the US by at least 39,818 on Thursday, the largest one-day increase of the...

Asia stocks sell-off as virus surges in US

Asia’s stock markets have slipped, bonds rose and the US dollar was firm as surging US coronavirus cases, global trade tensions and an International Monetary Fund downgrade to economic projections knocked confidence in a recovery. MSCI’s broadest index of...

Oil falls 5% as US crude stocks hit record

Oil prices tumbled over 5 per cent, or more than $US2 a barrel overnight, after US crude storage hit another record and coronavirus cases rebounded in countries like Germany and surged in heavily populated areas of the United States. The United States had its...