Live Updates: COVID-19 Cases
  • World 30,380,034
    World
    Confirmed: 30,380,034
    Active: 7,365,969
    Recovered: 22,062,915
    Death: 951,150
  • USA 6,874,596
    USA
    Confirmed: 6,874,596
    Active: 2,517,344
    Recovered: 4,155,039
    Death: 202,213
  • India 5,214,677
    India
    Confirmed: 5,214,677
    Active: 1,017,722
    Recovered: 4,112,551
    Death: 84,404
  • Brazil 4,457,443
    Brazil
    Confirmed: 4,457,443
    Active: 569,330
    Recovered: 3,753,082
    Death: 135,031
  • Russia 1,091,186
    Russia
    Confirmed: 1,091,186
    Active: 170,784
    Recovered: 901,207
    Death: 19,195
  • Peru 750,098
    Peru
    Confirmed: 750,098
    Active: 124,439
    Recovered: 594,513
    Death: 31,146
  • Mexico 684,113
    Mexico
    Confirmed: 684,113
    Active: 123,518
    Recovered: 488,416
    Death: 72,179
  • South Africa 655,572
    South Africa
    Confirmed: 655,572
    Active: 54,497
    Recovered: 585,303
    Death: 15,772
  • Spain 625,651
    Spain
    Confirmed: 625,651
    Active: 595,246
    Recovered: ?
    Death: 30,405
  • Chile 441,150
    Chile
    Confirmed: 441,150
    Active: 15,080
    Recovered: 413,928
    Death: 12,142
  • Iran 416,198
    Iran
    Confirmed: 416,198
    Active: 36,741
    Recovered: 355,505
    Death: 23,952
  • France 415,481
    France
    Confirmed: 415,481
    Active: 293,546
    Recovered: 90,840
    Death: 31,095
  • UK 381,614
    UK
    Confirmed: 381,614
    Active: 339,909
    Recovered: ?
    Death: 41,705
  • Bangladesh 345,805
    Bangladesh
    Confirmed: 345,805
    Active: 88,589
    Recovered: 252,335
    Death: 4,881
  • Saudi Arabia 328,144
    Saudi Arabia
    Confirmed: 328,144
    Active: 16,538
    Recovered: 307,207
    Death: 4,399
  • Pakistan 304,386
    Pakistan
    Confirmed: 304,386
    Active: 6,295
    Recovered: 291,683
    Death: 6,408
  • Turkey 298,039
    Turkey
    Confirmed: 298,039
    Active: 26,979
    Recovered: 263,745
    Death: 7,315
  • Italy 293,025
    Italy
    Confirmed: 293,025
    Active: 41,413
    Recovered: 215,954
    Death: 35,658
  • Germany 269,298
    Germany
    Confirmed: 269,298
    Active: 18,539
    Recovered: 241,300
    Death: 9,459
  • Canada 140,867
    Canada
    Confirmed: 140,867
    Active: 8,558
    Recovered: 123,109
    Death: 9,200
  • Netherlands 88,073
    Netherlands
    Confirmed: 88,073
    Active: 81,807
    Recovered: ?
    Death: 6,266
  • China 85,255
    China
    Confirmed: 85,255
    Active: 165
    Recovered: 80,456
    Death: 4,634
  • Australia 26,861
    Australia
    Confirmed: 26,861
    Active: 2,169
    Recovered: 23,855
    Death: 837
  • S. Korea 22,783
    S. Korea
    Confirmed: 22,783
    Active: 2,635
    Recovered: 19,771
    Death: 377
  • New Zealand 1,809
    New Zealand
    Confirmed: 1,809
    Active: 70
    Recovered: 1,714
    Death: 25

Global shares retreat as investors await Fed chair’s speech

Author at TechGenyz Ecommerce
Global shares
A picture of Business paper credit: @Annie Spratt |Unsplash

Global shares were mostly lower Wednesday as investors looked ahead to a much-anticipated speech by the chairman of the US Federal Reserve.

France’s CAC 40 inched down less than 0.1% in early trading to 5,006.48, while Germany’s DAX added 0.2% to 13,084.49. Britain’s FTSE 100 slipped 0.2% to 6,027.32. U.S. shares were set to be mixed with Dow futures at 28,168.0, down 0.1%. S&P 500 futures were up nearly 0.1% at 3,445.88.

The market has meandered recently on snippets of news about the coronavirus, developments on a potential vaccine, and other concerns.

Data releases are giving markets a mixed bag of signals, such as relatively positive U.S. home sales but a disappointing read on consumer confidence, as fears of more waves of COVID-19 infections persist, said Hayaki Narita, of the Asia & Oceania Treasury Department at Mizuho Bank.

Depending on your point of view, data and developments may be encouraging or gloomy, he said.

Japan’s benchmark Nikkei 225 finished at 23,290.86, down less than 0.1%. Australia’s S&P/ASX 200 lost 0.7% to 6,116.40. South Korea’s Kospi fell 0.1% to 2,369.32. Hong Kong’s Hang Seng was little changed edging up less than 0.1% to 25,491.79, while the Shanghai Composite shed 1.3% to 3,329.74.

Market players are watching for Fed chair Jerome Powell’s speech on Thursday. He is expected to discuss the next steps for monetary policy amid the coronavirus pandemic. The central bank has slashed short-term rates to nearly zero and is buying all kinds of bonds, which helps drive some investors into the stock market, pushing up share prices.

Benchmark U.S. crude slipped 5 cents to 43.30 a barrel in electronic trading on the New York Mercantile Exchange. It rose 73 cents to 43.35 per barrel Tuesday. Brent crude, the international standard, gained 6 cents to 45.92 a barrel.

The dollar slipped to 106.23 Japanese yen from 106.38 yen on Tuesday. The euro fell to 1.1812 from 1.1837.

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