Asian shares on backfoot as focus shifts to US stimulus, China tensions | Malay Mail

Monday, 10 Aug 2020 09:09 AM MYT

Australian shares recouped Friday's losses to be up 0.7 per cent while South Korea's main index added 0.4 per cent. The orders would provide an extra US$400 per week in unemployment payments, less than the US$600 per week passed earlier in the crisis. “If we see the White House take the view that they no longer want to negotiate until after the election, then think we'll see a wave of GDP downgrades followed by lower realized spending and spikes to unemployment in September through year-end.”

“The bigger question for markets is whether these actions jeopardise the US-China trade talks on August 15 and markets will be looking closely for any Chinese retaliation,” said Tapas Strickland, director of markets & economics at National Australia Bank.

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Global stocks mixed as US-China tensions rise, Washington deal elusive | Malay MailNEW YORK, Aug 8 — Wall Street stocks finished mixed yesterday, with the Nasdaq retreating from records, following data showing the US economy adding jobs as US-Chinese tensions mount and a standoff over fresh stimulus continues. The monthly US non-farm payrolls market report had been eagerly...
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