[ad_1]
Welcome to the Mint stay weblog. Track this area for up to date inventory market updates.
29 Jul 2020, 07:53:47 AM IST
Asian stocks underneath strain on US stimulus deadlock
Asian equities had been subdued on Wednesday as an deadlock in U.S. financial stimulus negotiations pushed international stocks decrease and despatched traders into safe-haven property like gold, which hovered close to file highs, Reuters reported.
U.S. President Donald Trump on Tuesday stated he didn’t help all the things in a $1 trillion Senate Republican coronavirus aid proposal, a day after it was unveiled by Majority Leader Mitch McConnell, though he indicated talks had been persevering with.
Hong Kong’s Hang Seng index futures had been down 0.14%. Australian S&P/ASX 200 was flat whereas Japan’s Nikkei 225 futures dipped 0.5%.
29 Jul 2020, 07:49:08 AM IST
Weak consumer confidence, earnings pull down US stocks
Wall Street closed decrease on Tuesday as traders apprehensive about weakening consumer confidence, disappointing earnings, and a smaller-than-hoped for coronavirus assist plan from U.S. Senate Republicans, Reuters reported.
Data launched confirmed U.S. consumer confidence ebbed in July as coronavirus infections flared up throughout the nation.
The Dow Jones Industrial Average fell 205.21 factors, or 0.77%, to 26,379.56, the S&P 500 misplaced 20.87 factors, or 0.64%, to three,218.54 and the Nasdaq Composite dropped 134.18 factors, or 1.27%, to 10,402.09.
[ad_2]
Source hyperlink