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Asia-Pacific markets mixed as coronavirus infections reach 1 million and US weekly jobless claims hit 6.6 million

From scmp.com

Most Asia-Pacific stock markets slipped Friday, as sentiment turned downbeat on the coronavirus’ latest grim markers: US weekly jobless claims hit 6.6 million and the world reached 1 million virus infections. Overnight, US stocks gained, particularly those connected to oil prices, as US President Donald Trump suggested in a tweet that he had gotten Russia and Saudi Arabia to agree to produce less. But scepticism has grown about whether the two oil giants actually are looking at ending their oil price war, which came at a fraught time when the world was dealing with a health crisis the likes of which it has never ... (full story)

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  • Category: Fundamental Analysis