· Dow futures fall around 300 points as Wall Street grapples with rising Covid cases, earnings
U.S. stock futures fell early Wednesday morning following a mixed session in which traders weighed a recent uptick in coronavirus infections.
Dow Jones Industrial Average futures traded around 290 points lower, paring earlier losses. S&P 500 futures and Nasdaq-100 futures also traded in negative territory.
· Asian shares, U.S. stock futures sag on coronavirus, U.S. election worries
Global shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe, while uncertainty over next week’s U.S. elections added to a “risk off” tone.
The United States, Russia, France and other countries have registered record numbers of infections in recent days, and European governments have introduced new curbs.
Shares in Asia fared better, thanks in part to more limited COVID-19 outbreaks. Japan's Nikkei .N225 fell 0.4% while MSCI's ex-Japan Asia index .MIAPJ0000PUS eked out gains of 0.1% due to gains in China .CSI300 and South Korea .KS11.
· Nikkei slips on global virus woes, caution ahead of U.S. elections
Japanese shares fell on Wednesday for the third consecutive session, pulled down by worries that surging coronavirus cases in Europe and the United States could further damage an already-battered global economy.
Also, trading was subdued as the upcoming U.S. presidential elections kept many investors on the sidelines, analysts said.
The benchmark Nikkei share average fell 0.29% to close at 23,418.51, while the broader Topix lost 0.31% to 1,612.55.
· China shares end higher on gains in consumer, healthcare stocks
China shares ended higher for a second consecutive day on Wednesday, as consumers and healthcare stocks gained amid hopes of further economic recovery from the pandemic.
At the close, the Shanghai Composite index was up 0.46% at 3,269.24.
The blue-chip CSI300 index was up 0.81%, with its consumer staples sector 2.24% higher, and the healthcare sub-index rose 1.13%.
· Sony’s second-quarter profit jumps 13.9% on strong gaming demand
· European markets tumble on coronavirus, U.S. election and stimulus fears
European markets fell sharply at Wednesday’s open as the rapid spread of the coronavirus continues across the continent, while U.S. election uncertainty compounds risk-off sentiment.
The pan-European Stoxx 600 dropped 1.4% at the start of trading, autos shedding 2.7% to lead losses as all sectors and major bourses slid into negative territory.
· Big Tech stocks are flashing buy signals, Jim Cramer says
CNBC’s Jim Cramer expects the biggest names in tech will soon present buying opportunities.
On his daily stock show Tuesday, Cramer said investors waiting to buy into the so-called FAANG stocks and Microsoft — some of the most valuable companies on the S&P 500 — should be prepared to place orders for shares.
· Deutsche Bank swings back to profit in third quarter, beats expectations
Deutsche Bank on Wednesday reported a net profit of 182 million euros ($214 million) for the third quarter, as Germany’s largest lender looks to emerge from the coronavirus crisis.
· Thai emergency decree extended to end-November to curb coronavirus
Thailand’s cabinet on Wednesday agreed to extend a state of emergency until the end of November, a government spokesman said, maintaining the security measure put in place in late March to contain its coronavirus outbreak.
Reference: CNBC, Reuters
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