Business
Asian stock markets post conservative gains: live updates
Asian markets are advancing slightly as investors seek positive news.
Asian markets rose on Monday as investors looked for signs that the epidemic was peaking in some of the most affected places in the world.
The markets of Japan and South Korea were trading more than 2% at midday, although other indices in the region rose more modestly. Futures markets predicted that Europe and Wall Street would also open higher.
The coronavirus is showing little sign of loosening globally, but investors have taken inspiration from authorities in some places, suggesting that their outbreaks may peak. New York Governor Andrew M. Cuomo said on Saturday that the epidemic could reach its worst point in the coming days. Other officials in the United States have suggested that the epidemic is peaking in some places, while it has broken out in others.
Other markets have improved, but investor optimism has been held back. Prices for US Treasury bonds have fallen in Asian trading, as have gold futures, another traditional safe haven for investments. But the price of oil, which generally rises on good economic news, has plummeted amid continued spitting on supplies between Russia and Saudi Arabia.
In Japan, the Nikkei 225 index was up 2.6% at noon. The South Korea Kospi index rose 2.4%. In Hong Kong, the Hang Seng index rose 1.2%. Taiwans Taiex increased 0.9%.
The OPEC meeting is delayed because tensions are resurfacing between Saudi Arabia and Russia.
As Saudi Arabia and Russia fight over who is to blame for the collapse of oil prices in the coronavirus epidemic, the two countries were scheduled to meet with other major oil producers on Monday to ease the turmoil over energy markets. But the meeting is now over.
The meeting between the Organization of the Petroleum Exporting Countries, Russia and other petroleum producers has never been officially announced, but was widely reported on Friday, and its cancellation, confirmed by two OPEC delegates, could affect world markets when trade resumes on Monday.
Due to the coronavirus epidemic, demand for oil has dropped sharply. OPEC-led Saudi Arabia had proposed an agreement that would reduce oil production, but Russia refused to accept it. More recently, the Saudis have increased their production while offering discounts to customers.
Russian President Vladimir V. Putin said on Friday that Saudi Arabia was at least partly responsible for the price cuts, while the Saudis accused Russia. The two OPEC delegates said further discussions were needed before the two sides could agree to a meeting.
What we know about how the Fed plans to spend its new pot of money.
In times of crisis, the Fed can lend more or less directly to businesses and governments using its emergency authorities. The Secretary of the Treasury, Steven Mnuchin, must approve the programs and the Treasury department supports the programs with a layer of funding intended to absorb the losses.
The actions of central banks to date, taken when the Treasury had far less money to back up, offer a glimpse of how it could use the new credits.
For individuals: Indirectly. The Fed deploys one loan program which gives eligible businesses cheap loans in exchange for asset-backed securities, basically bundles of debt built on newly issued credit card debt, student loans, auto loans and more. By creating a great incentive, the program should make loans available and cheaper for consumers.
For small businesses: The main support for small businesses comes from the Small Business Administration, but the Fed also takes bundles of business loans as collateral for loans, which could help small businesses access financing. And the Main Street central bank business lending program, so far lacking in detail, should help businesses that are too large to qualify for small business loans but too small to have easy access to capital markets.
For large companies: The Fed has unveiled several programs to help. One will support a type of short-term financing known as commercial paper, and another will buy corporate debt. A third program will buy newly issued debt or provide direct business loans.
For local governments: The Fed unveiled programs to assist municipal bond markets by allowing banks to use certain types of local debt as collateral to access loans. But the authorities have stopped buying local debt and many lawmakers are urging them to think bigger.
Jeanna Smialek, Stanley Reed, Carlos Tejada and Daniel Victor contributed to this report.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
picture credit
to request, modification Contact us at Here or [email protected]