(Bloomberg) -- U.S. stock index futures dropped in Asia as the latest figures on the pandemic deepened concerns over the global economy.Contracts on the S&P 500 declined 2.5% as of 2:45 p.m. in Tokyo. Futures on the Nasdaq 100 Index and Dow Jones Industrial Average fell 2% and 3%, respectively. On Friday, U.S. stocks rallied from the biggest rout in 12 weeks as dip-buyers emerged for firms that bore the brunt of Thursday’s selling.“There is a definite risk-off tone to Asia’s financial markets this morning as the week gets underway,” Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, wrote in a note. “Despite Wall Street stabilizing and finishing the week with a positive session, it appears that the FOMO, fast-money, peak-virus, buy-everything, v-shaped recovery herd remains nervously grazing near the edge of the cliff.”An outbreak of cases in Beijing raised fears of a resurgence of the pandemic in China....
(Bloomberg) -- U.S. futures tumbled and haven assets climbed on Monday, returning markets to last Thursday’s risk-off mode, spurred by worries over a second wave of infections that could dash hopes for a v-shaped recovery.Futures on the S&P 500 slid over 2% and European contracts were down about 2%. Japanese, Australian and Hong Kong stocks also slumped, with South Korea seeing outsize losses. The dollar climbed along with the yen, and Treasuries advanced. Crude oil crumbled. The moves suggested the stabilization on Wall Street Friday in wake of a near 6% stock slide may be temporary.“We’ve gone risk-off because the reality of the U-shape pick-up” is hitting home, David Bloom, global head of foreign-exchange strategy at HSBC Holdings Plc, said on Bloomberg TV. “It’s a U-shape pick-up, and it’s going to be slow and patchy” he said of the recovery.Chinese economic data Monday showed the world’s second-largest economy had a smaller...
Jun.15 -- Dawn Soo, head of wellness at Cigna International Markets, discusses the company’s Covid-19 global impact study which studies the impact of the virus on people’s well-being. She speaks on “Bloomberg Markets: Asia.”...
Jun.15 -- Aradhna Dayal, founder and chief executive officer at Access Alts Asia, discusses how family offices have performed so far this year and how they’ve changed their strategy amid the coronavirus pandemic. She speaks on “Bloomberg Markets: Asia.”...
The World's largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least four buyers in Asia, five sources said on Monday. The move followed a deal struck by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to keep production cuts of 9.7 million barrels per day, or 10% of pre-coronavirus world demand, until the end of July....
Jun.15 -- Fears and concerns over a second wave of coronavirus infections are growing in Beijing and threatening an economic recovery. A wholesale market has been shut and nearby housing districts are under lockdown after dozens of people tested positive for the virus. Also, a district-level official has been fired and others are under investigation over this outbreak. Bloomberg’s Sharon Chen reports on “Bloomberg Markets: Asia.”...
