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Asia, European stocks mixed as virus surge darkens mood

Asian and European markets were mixed Friday as traders were caught between long-term optimism over a virus vaccine and the immediate horror of surging virus infections and deaths across the world......»»

Category: newsSource: philippinetimes philippinetimesNov 20th, 2020

Global stocks mixed as WHO warns of worsening virus

Global stocks were mixed Friday as markets weighed hopes that business activity would get back to normal against worrisome coronavirus trends in several parts of the United States, while the World Health Organization warned of new outbreaks. Bourses in Europe and Asia finished higher and the US at first seemed headed for another positive session […] The post Global stocks mixed as WHO warns of worsening virus appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJun 20th, 2020

Southeast Asia& rsquo;s COVID spike

Southeast Asia as a region is the newest epicenter of the COVID-19 pandemic. Just like in many European nations now, four Southeast Asian nations are registering daily record spikes caused mainly by the Delta variant of the virus......»»

Category: newsSource:  thestandardRelated NewsJul 23rd, 2021

Asian markets extend rally as earnings season looms

The rally in global stocks extended into Asia on Tuesday as optimism about the upcoming earnings season outweighs worries over the fast-spreading Delta virus variant that is forcing leaders to reimpose containment measures......»»

Category: financeSource:  thestandardRelated NewsJul 13th, 2021

Stocks on edge as variants a threat

As US markets turn their attention toward corporate earnings this week, the local bourse along with the rest of Asia will likely keep track of developments on the virus front as the resurgence of cases may lead to a slower economic recovery......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2021

Malaysia imposes lockdown as Southeast Asia battles virus surge

Malaysia imposed a tough nationwide lockdown on Tuesday to battle a worsening coronavirus outbreak, as countries across Southeast Asia struggled with a resurgence in cases driven by infectious variants......»»

Category: newsSource:  thestandardRelated NewsJun 1st, 2021

Stocks plunge on renewed virus worries

Local stocks plunged along, with other Asian markets, yesterday as investors grew wary over the recent surge in coronavirus cases while vaccination efforts are making scant headway, traders said......»»

Category: financeSource:  philstarRelated NewsApr 12th, 2021

WHO experts to meet on AstraZeneca shot as virus cases surge

WHO safety experts prepared to meet Tuesday over the AstraZeneca coronavirus vaccine whose rollout has been halted in several European countries over blood clot fears, imperilling the pandemic fight as infection rates surge......»»

Category: financeSource:  thestandardRelated NewsMar 16th, 2021

Xinhua summary of Asia-Pacific stocks news at 1100 GMT, Jan. 22

BEIJING -- Chinese stocks closed mixed on Friday, with the benchmark Shanghai Composite Index down 0.4 percent, at 3,606.75 points. The Shenzhen Component Index closed 0.7 percent higher at.....»»

Category: newsSource:  philippinetimesRelated NewsJan 22nd, 2021

European markets plunge on new virus strain

European stocks, oil prices, and the pound slumped Monday as a highly infectious strain of coronavirus in Britain had traders seeking shelter.Sterling lost 1.3 percent against the dollar, with the pound also still being hit as a post-Brexit trade deal between Britain and the EU remained out of reach.The euro gained 1.0 percent against the […].....»»

Category: newsSource:  balitaRelated NewsDec 23rd, 2020

Stocks fall anew on new virus strain, US blacklist

Shares retreated around Asia yesterday after the US included dozens more Chinese companies in a Commerce Department blacklist in another blow to markets already wracked with uncertainty over the pandemic......»»

Category: financeSource:  philstarRelated NewsDec 22nd, 2020

Stocks climb for 3rd straight day; Metro Pacific, banks up

The stock market rallied for the third straight day Thursday, joining most of Asia as investors tracked renewed US stimulus talks in Washington while the mood remains upbeat owing to vaccine developments......»»

Category: financeSource:  thestandardRelated NewsDec 4th, 2020

Stocks rally on economic recovery hopes

NEW YORK, United States — Stock markets rallied Tuesday on economic recovery hopes fueled by upbeat Chinese data and expectations for Covid vaccines coming in 2021, though surging virus infections kept traders in check. The S&P 500 and Nasdaq each surged to fresh records and European equities also notched strong gains, bolstered also by revived US stimulus […] The post Stocks rally on economic recovery hopes appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 2nd, 2020

Stocks tumble; BPI, Aboitiz drop

Stocks slumped Friday on continued profit taking, with investors worried over a frightening surge in virus infections across the United States and Europe, the Philippines’ two major trading partners......»»

Category: financeSource:  thestandardRelated NewsNov 28th, 2020

Asian traders cautious as vaccine hopes offset by virus surge

Hong Kong, China—Asian markets mostly rose Wednesday, November 18, 2020, but investors were shifting cautiously as they weighed hopes for a virus vaccine against surging infections around the world that threaten an already stuttering economic recovery. While the mood on trading floors remains broadly optimistic about the long-term outlook, analysts said the coronavirus will continue […] The post Asian traders cautious as vaccine hopes offset by virus surge appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsNov 18th, 2020

Global stocks rally peters out as vaccine euphoria fades

NEW YORK, United States — European and US stock markets were mixed Tuesday as a rally based on reinvigorated hopes for a coronavirus vaccine ran its course. Equities on both sides of the Atlantic surged higher on Monday following news from American biotech group Moderna that its vaccine candidate was 94.5 percent effective in preventing Covid-19 — the […] The post Global stocks rally peters out as vaccine euphoria fades appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 18th, 2020

Asia markets take fresh hit as virus surge trumps vaccine hope

A spike in coronavirus infections across the United States and Europe hit Asian markets again Friday as traders fear another wave of lockdown measures will throw an already shaky economic recovery.....»»

Category: newsSource:  manilanewsRelated NewsNov 13th, 2020

Biden knocks Trump as rivals barnstorm heartland in election finale

Joe Biden intensified his attacks Friday on President Donald Trump as they battled over the American Midwest, chasing every last vote with four days to go in a region that propelled the Republican to victory in 2016. RUS President Donald Trump speaks during a campaign rally at Rochester International Airport October 30, 2020 in Rochester, Minnesota. With Election Day only four days away, Trump is campaigning in Minnesota despite the recent surge in coronavirus cases in the state. In accordance with state orders, only 250 people will be able to attend the rally with Trump while thousands of others will gather outside the airport to watch on a large television screen. (Chip Somodevilla/Getty Images/AFP) Trump and Biden barnstormed three heartland states each — with a resurgent coronavirus passing the milestone of nine million cases as they hit the stump — highlighting their differences in a race overshadowed by the pandemic. Trump, heralded a “big day” of campaigning as he left the White House, then held a rally in Michigan before heading to Wisconsin and Minnesota, all states battling climbing numbers of virus cases. “We just want normal,” Trump told supporters — many of them unmasked — at an outdoor rally near Detroit as he pushed states to relax public health restrictions and resume daily life. He again bucked his own administration’s health experts as he downplayed the Covid-19 threat, saying “if you get it, you’re going to get better, and then you’re going to be immune.” Covid-19 has killed nearly 230,000 people in the US, which is experiencing surges in most states as the winter flu season looms. The outbreak has ravaged the economy, and while there have been signs of recovery, millions remain jobless. Biden was also stumping in Wisconsin and in Minnesota, where he sharpened his attacks on the president on everything from Trump seeking to dismantle Obama-era health care protections and keep his taxes secret to climate change and trade policy with China. “We can not afford four more years of Donald Trump,” the 77-year-old Democrat said at a socially distanced drive-in rally in St. Paul, Minnesota. “So honk your horn if you want America to lead again!” he said, embracing the awkward pandemic-era campaign trend of rallying supporters in their vehicles. “Honk your horn if you want to have civility again, and honk your horn if you want America to be united again!” Earlier in Iowa he attacker Trump over his handling of the pandemic. “Donald Trump has given up (and) waved the white flag,” Biden told a drive-in rally with more than 300 cars in Des Moines. – ‘Less divided’ – Trump flipped Iowa, Michigan and Wisconsin from the Democrats to clinch his shock victory four years ago.  Now polls show Biden leading in all three, albeit narrowly in Iowa. It was Biden’s first visit to Iowa since his inauspicious campaign start in February, when he placed a dismal fourth in the opening Democratic nominating contest. So can Biden win over enough voters to prevail in the Hawkeye State? “I wouldn’t put money on it,” Iowa attorney Sara Riley, 61, said at Biden’s event, although she was more confident about him clinching the White House. “I think Americans, even Trump supporters, want to get to a place where the country is less divided,” Riley said. With voters concerned about the health hazards of crowded polling stations on November 3, a record 86 million have already cast early ballots by mail or in person. Even as the US hit a grim new high in daily Covid-19 infections Thursday, Trump has stuck to his guns, downplaying the dangers and branding Democrats as rampaging “socialists” intent on shuttering the country. And while Trump has touted the economic successes of his presidency, including positive GDP figures Thursday, US stocks closed out their worst week since March, highlighting concerns about a shaky recovery. – ‘Turn Texas blue?’ – After a campaign largely muted by the pandemic, Biden is on the offensive, pushing Trump onto the back foot in unexpected battlegrounds like Texas, a large, traditionally conservative bastion now rated a toss-up by multiple analysts. On Friday the state reported that a staggering nine million residents had already voted, surpassing its entire 2016 total. Biden’s running mate Kamala Harris visited Texas Friday in a bid to turn the state Democratic for the first time since president Jimmy Carter in 1976. “We have a chance to turn Texas blue,” the 96-year-old Carter said in a fundraising email. Biden winning there would be a dagger to Trump, but the president dismissed the notion, saying: “Texas, we’re doing very well.” Trump and Biden are focusing their greatest efforts on traditional battlegrounds that will decide the election — such as Florida, where both campaigned on Thursday. On Saturday Biden returns to the Midwest bringing with him perhaps his strongest surrogate: ex-president Barack Obama, making his first joint in-person campaign appearance of the year with his former VP. Motown music legend Stevie Wonder will join them, the Biden campaign said. Trump will spend the day campaigning in the critical state of Pennsylvania, where he narrowly trails Biden in polls. Biden will follow suit there both Sunday and Monday in a clear sign that his campaign sees the Keystone State as absolutely crucial to his victory......»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2020

Millions more face English virus restrictions as cases spiral

Millions more people in northern England face stricter coronavirus rules next week, officials said Friday, as reports suggested the government is considering a nationwide lockdown. A digital display shows NHS health advice on the coronavirus in Leeds on October 30, 2020. – West Yorkshire is to be placed under tier three Covid restrictions from November 2, 2020, the strictest level of rules. (Photo by Lindsey Parnaby / AFP) From Monday, nearly 2.4 million residents in five districts of West Yorkshire, including in the city of Leeds, will be barred from socialising with other households indoors. Pubs and bars not serving “substantial meals” must close, alongside casinos and betting shops, while people have also been told to avoid unnecessary travel. The Department of Health said the measures were needed as infection rates in West Yorkshire were among the highest in the country and rising rapidly. The Times reported Friday that Prime Minister Boris Johnson was considering a return to a national lockdown to battle the surge. Johnson was expected to hold a press conference on Monday to announce new restrictions, which would close everything except “essential shops”, schools and universities, the paper said, quoting a government source. In its weekly study of Covid-19 prevalence, the Office for National Statistics (ONS) said the number of people with the virus had increased to around one in 100 nationwide. “There has been growth in all age groups over the past two weeks; older teenagers and young adults continue to have the highest current rates while rates appear to be steeply increasing among secondary school children,” it said. The country’s official science advisory panel warned in a report published Friday that the virus was spreading “significantly” faster and that hospitalisations were rising at a higher rate through England than its predicted “worst-case” scenario drawn up in July. The report said that in mid-October, shortly before new local rules were introduced, around four times as many people were catching Covid than anticipated in the July report. That study warned that 85,000 more people could die during the winter wave. West Yorkshire’s imminent restrictions are the latest step in the UK government’s localised response to the surging transmission, which has come under increasing scrutiny in recent weeks. More than 11 million people — about a fifth of England’s population — will be under the tightest measures from next week. Most of the areas in the “very high” category of the government’s three-tier Covid alert system are in northern and central parts of the country. Nottingham became the latest city to enter the highest tier Friday. On Thursday night, young people took to the streets in fancy dress and drank in large groups before a ban on alcohol sales in shops came into force at 2100 GMT. – ‘Targeted’ – The pandemic has hit Britain harder than any other country in Europe, with more than 45,000 people having died within 28 days of testing positive. Case rates are spiralling again after a lull, tracking the situation elsewhere on the continent. England is seeing nearly 52,000 new cases daily, a 47 percent weekly rise, according to the ONS, which conducts its analysis of households with the help of several universities and health bodies, and excludes people in hospitals and care homes.  Britain’s European neighbours and the devolved governments in Scotland, Wales and Northern Ireland have reimposed partial lockdowns to try to cut infection rates. Foreign Secretary Dominic Raab said Friday the government would continue its “targeted and focused” strategy of local restrictions in virus hotspots. “The arbitrariness of a blanket approach would be far worse than the effects of trying to be as targeted as possible,” he said. Meanwhile, a new study reported Friday that a Covid-19 variant originating in Spanish farm workers has spread rapidly throughout Europe in recent months and now accounts for most cases in Britain. The variant — called 20A.EU1 — is thought to have been spread from northeastern Spain by people returning from holidays there, according to the study, which is awaiting peer review in a medical journal. There is currently no evidence that the strain spreads faster or impacts illness severity and immunity......»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2020

Russia reports record virus cases but shuns new restrictions

Russia registered its highest-ever number of new coronavirus infections on Friday after officials warned that tight restrictions could be put back in place if people continued to flout restrictions. New cases in Russia have surged past the record levels seen in May Dimitar DILKOFF AFP/File/ MANILA BULLETIN Restaurants and bars in Moscow were bustling and many residents were ignoring orders to wear masks in public as nationwide infections surged in September, but officials stopped short of imposing new sweeping measures to slow the spread of the virus. European leaders across the continent are scambling to amend virus regulations against the backdrop of a surge in new cases, and even Germany, which was praised for its early handling of the pandemic, has suffered a large increase in new infections. But officials in Russia, which has the world’s fourth-highest caseload after the United States, India and Brazil, have so far dismissed the idea there is a second wave of infections or any need for a new lockdown.   A government tally registered 12,126 new cases on Friday, surpassing the country’s previous record set in May by several hundred cases. “I’m really afraid that things will go back to how they were in the spring, that everyone will be quarantined and we won’t be allowed to go to work,” Vladimir, a teacher in Saint Petersburg who declined to give his last name, told AFP.  – Training dogs to detect virus – As Russia is experiencing a surge in coronavirus cases, the country’s flagship airline Aeroflot is training sniffer dogs to detect the coronavirus by scent. Aeroflot uses a special jackal-dog hybrid called Shalaika in Russian to detect explosives. Now dog handlers say the Shalaikas — who have a powerful sense of smell — can be taught to sniff out the coronavirus. “The dog is not looking for the virus, the dog is looking for a person with signs of the disease,” Elena Batayeva, head of canine monitoring at Aeroflot, told reporters. Russia imposed one of the most severe nationwide lockdowns at the beginning of the pandemic. Non-essential businesses were shuttered and Moscow residents only permitted to move freely with official digital passes. But most restrictions were lifted ahead of a large WWII military parade in June and a nationwide vote on amendments that paved the way for President Vladimir Putin to remain in power until 2036. Officials in Moscow, which is the epicentre of Russia’s pandemic, have taken only minor steps to slow the spread of cases. Mayor Sergei Sobyanin has ordered the elderly and vulnerable to stay at home and told employers to keep at least a third of staff working remotely.  Mask-wearing is compulsory on public transport and inside shops, but some Muscovites are not convinced others are doing enough to stop the spread of infections. “The city is making the necessary decisions. But it won’t work without people responding to these measures, helping themselves and those around them,” Sobyanin said Friday. Tatyana Nemirovskaya, a 30-year-old PR specialist, told AFP that Muscovites are “definitely not” following the government’s guidelines. The head of Russia’s consumer rights watchdog, Rospotrebnadzor, which is spearheading the country’s virus response, warned this week of “new measures” if the current rules were not followed. The Kremlin said Friday that if the situation continues to deteriorate it will “require some actions, decisions”. – ‘Without masks, having fun’ – But Putin’s spokesman Dmitry Peskov placed the blame on Russians for the surging caseload, saying it was clear that “many people don’t think it is necessary to take care of providing the safety of their health.”  Standing next to a memorial to medics who have died during the pandemic in Saint Petersburg, Stella, a resident of Russia’s second city, said people had dropped their guard after mass restrictions were lifted. “The rules were slightly eased and people calmly walked around without masks, having fun and everything began again,” she said. Russia announced in August it had registered the world’s first coronavirus vaccine, named Sputnik V after the Soviet-era satellite and a number of officials have said they volunteered for inoculation, including Defence Minister Sergei Shoigu.  Putin this week said “around 50 people” in his inner circle, including staff and family, had been vaccinated. Russia has recorded a total of 22,257 fatalities from the virus, a much lower figure compared to other badly-hit countries. Kremlin critics have suggested the authorities have downplayed the death rate to hide the severity of the outbreak......»»

Category: newsSource:  mb.com.phRelated NewsOct 9th, 2020

US-China tensions send Asia markets tumbling

A new China-US flare-up sent markets tumbling Friday, while the mood was also soured by US lawmakers' struggles to agree on a new economic stimulus - all against a backdrop of surging virus infecti.....»»

Category: newsSource:  manilanewsRelated NewsAug 8th, 2020