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A wave of risk aversion swept markets on Friday after U.S. President Donald Trump said he and his wife had tested positive for COVID-19 and will isolate, weeks ahead of the elections. Shortly before 0500 GMT, Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently traveled with the president, tested positive. U.S. stock futures fell on the news and Treasury yields dipped....
U.S. stock futures extended losses on Friday after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of elections. Futures for the S&P 500 slid 1.21% by early afternoon in Asia, while Treasury yields also fell. The U.S. dollar rose, particularly against the British pound, the Australian and New Zealand dollars in a sign of risk aversion....
Wall Street was set for a heavy tumble on Friday as news that U.S. President Donald Trump and his wife had tested positive for coronavirus just four weeks before U.S. elections sent investors into safer gold, Treasuries and the yen. Europe's main bourses were down 0.5%, having clawed back some of their starker morning falls, but oil was down nearly 5% and futures markets were pointing to 1.57 to 2.3% losses for Wall Street's S&P 500, Dow and Nasdaq. Trump said on Twitter he and his wife had been tested positive for coronavirus: "We will begin our quarantine and recovery process immediately," he said in a late night tweet, adding one of his chief aides had contracted the virus too....
Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agreement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand. Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT. U.S. and Brent cruse are heading for drops of around 5% and 6% respectively this week for a second consecutive week of declines....
Oil prices fell nearly 1% on Friday, extending losses into a second day as rising production of crude comes amid a worsening COVID-19 pandemic which threatens to bring more restrictions on movement and consumption that will likely hit demand for fuel. Brent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055 GMT, after falling more than 3% on Thursday. U.S. oil is heading for a drop of nearly 5% this week, while Brent is on track to fall more than 3%, in a second consecutive week of decline for both contracts....
