Global Stock and Oil Prices Fall

International shares had a weak start to the week, and oil prices declined, with disappointing corporate earnings and concerns about economic growth putting pressure on markets.

In morning trading in Hong Kong, E-mini S&P 500 futures retreated 0.8%, suggesting U.S. shares could fall on Monday.

Benchmarks in the region fell, with Hong Kong’s Hang Seng Index, which was closed for the previous two sessions, playing catch-up to lose more than 3%. South Korea’s Kospi Composite dropped 1.8%.

In Australia, the S&P/ASX 200 bucked the downtrend to advance 0.6%.

Z24 News

Leave a Reply

Your email address will not be published.

Next Post

Some Insurers Flex Balance Sheets to Help Hospitals, Doctors Amid Pandemic

Mon May 4 , 2020
With fewer claims to pay out, some health insurers are using their improved balance sheets to help struggling providers secure loans, pay claims earlier and, in some cases, underwrite patients’ outstanding bills. And they have good reason to ensure providers survive the pandemic: “There is a risk that there is […]

Share

Social menu is not set. You need to create menu and assign it to Social Menu on Menu Settings.