Asian shares manage small gains amid slowing momentum
Equities are firmer, but doubt about global recovery from the pandemic has returned ahead of Fed meeting
10 June 2020 - 07:42
Singapore/New York — Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the US Federal Reserve meeting.
The sideways moves in equities cap two weeks of stock market gains, turbocharged by Friday’s data showing a completely unexpected rise in US employment in May. Safe havens from gold to the Japanese yen won support as optimism ebbed...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.