* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Risk aversion resurfaces as virus concerns return. * Rising infections in India rattle energy markets. * Bond traders eagerly await 20-year Treasury auction. By Stanley White.
Fractious geopolitics doesn't always move world markets - but the summer of 2021 may give us some glimpse about exactly where and how it does. With the new U.S. administration of President Joe Biden asserting its foreign policy priorities, this month has seen a rise in tensions with the United States' most powerful rivals - China, Russia and even Iran.
* Prefectures housing Kobe, Kyoto also seek state of emergency -media. * New infections surge stoked by more infectious virus strains. * Amid slow vaccine roll-out, concern rising with Olympics in view. * Nikkei slips 2% as worries about handling of virus spread to investors. * New state of emergency could cover close to quarter of Japan population.
Gold prices rose on Wednesday, hovering
near a seven-week high hit earlier this week, as a soggy dollar
and a retreat in U.S. Treasury yields lifted demand for the
safe-haven metal.
NEW YORK, April 20, 2021 The value of the US dollar has been in a steady decline since the ending of the gold standard. The problem is, the general attitude towards digital assets has been skeptical, at best.
Japanese shares extended a steep fall on Wednesday as fears of possible coronavirus-related lockdowns in Japan's biggest cities cast doubts over the prospects of an economic reopening. Nikkei share average tumbled 2.23% to 28,451.64, while the broader Topix fell 2.24% to 1,881.11, after losing the most in about a month in the previous session.
Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude futures for June declined 95 cents, or 1.4%, to $65.62 a barrel at 0941 GMT, heading for their biggest daily drop in over two weeks.
Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia that have dampened oil prices. The STOXX index of 600 European shares was up 0.7% at 436.76 points. MSCI's index of global shares fell 0.2%. It too had reached record highs on Monday.
Global stocks gained on Wednesday as early indications of a rebound in European corporate earnings offset concerns over rising COVID-19 infections in Asia that have dampened oil prices. The STOXX index of 600 European shares was up 0.7% at 436.76 points. MSCI's index of global shares fell 0.2%. It too had reached record highs on Monday.
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