NEW YORK, April 14 ― Asian stocks were set for a modest bounce today as US stock futures edged higher, although fears the coronavirus could drag on the global economy for months are likely to temper investor confidence. E-Mini futures for the S&P 500 nudged 0.3 per cent higher, while Nikkei...
All eyes will be on China's trade data, which is expected to show exports tumbling 14 per cent in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth. — Reuters pic
All eyes will be on China's trade data, to be released today, which is expected to show exports tumbling 14 per cent in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth. “Short of the unlikely near-term event of a vaccine or significant herd immunity, restarting economies...may be challenging,” the analysts wrote.
Many analysts already expect China's economy, the world's second-largest, to have contracted sharply in the March quarter for the first time since at least 1992. China reports its first-quarter gross domestic product data on April 17.
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