Financial, market and economic news

Investor Optimism Dented Globally On Rising COVID-19 Cases

A global surge in COVID-19 cases and new lockdowns are dampening the hopes of an economic recovery. After Wall Street’s fall on Wednesday, worldwide markets are trading in red on Thursday.

The Dow futures are trading lower by 0.33%, and the S&P 500 futures are down by 0.34% on the last check Thursday. WTI crude oil futures are down by 0.74% to $41.70, and gold futures are down by 1% to $1,855.20. Ten-Year Treasury yield is down by 3.2 basis points to 0.85%.

Asia: Japan’s Nikkei 225 was down 0.36%, closing lower for the second consecutive day on rising COVID-19 cases. Investors will be watching the Consumer Price Index and Manufacturing & Services PMI data due today.

China’s Shanghai Composite benchmark closed …

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