pcloudy.png
Saturday July 31st, 2021 8:42AM

Global shares fall on uncertainty over US election, pandemic

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Global shares were lower Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.

France's CAC 40 slipped 0.9% in early trading to 4,863.83, while Germany's DAX dropped 2.4% to 12,346.01. Britain's FTSE 100 edged down 0.5% to 5,832.52. U.S. shares were to decline, with Dow futures sinking 1.0% to 27,902. S&P 500 futures were down nearly 1.0% at 3,418.62.

Overhanging markets are surging cases and deaths related to COVID-19, especially in parts of the U.S. and Europe, and potential implications for trade, tourism and economic activity, .

In Asia, Japan's benchmark Nikkei 225 declined 0.1% to finish at 23,494.34, while South Korea's Kospi lost 0.7% to 2,343.91. Australia's S&P/ASX 200 fell nearly 0.2% to 6,155.60. The Shanghai Composite index declined 0.8% to 3,251.12. Markets in Hong Kong were closed for holidays.

U.S. House Speaker Nancy Pelosi said Sunday she’s not giving up on passing another coronavirus relief economic package before the Nov. 3 election. She said she sent a list of concerns to the Trump administration on Friday and was told she would get answers on Monday.

At issue is a huge virus relief bill that would send another $1,200 direct payment to most Americans, restart bonus unemployment benefits, fund additional testing and vaccines, provide aid to schools and allocate money to state and local governments, a Democratic priority.

One major concern is that if the election’s outcome is unclear, that would further delay help for the economy as mounting numbers of coronavirus cases raise the likelihood of further disruptions for businesses.

House Speaker Nancy Pelosi said Sunday she’s not giving up on passing another coronavirus relief economic package before the Nov. 3 election. She said she sent a list of concerns to the Trump administration on Friday and was told she would get answers on Monday.

In energy trading, U.S. benchmark crude lost $1.37 to $38.48 a barrel in electronic trading on the New York Mercantile Exchange. It lost 79 cents to $39.85 per barrel on Friday. Brent crude, the international standard, fell $1.34 to $40.43 a barrel.

The U.S. dollar inched up to 104.90 Japanese yen from 104.71 yen late Friday. The euro cost $1.1819, down from $1.1861.

  • Associated Categories: Associated Press (AP), AP Elections, General Election News, General Presidential Election News, AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Global shares fall on uncertainty over US election, pandemic
Global shares are lower amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy
5:27AM ( 4 minutes ago )
Crew safe, 7 detained after UK special forces raid tanker
The operator of an oil tanker that was stormed by British naval special forces after a group of stowaways threatened violence says all the crew members are “safe and well."
5:25AM ( 7 minutes ago )
The Latest: Expert: France has "lost control" of the virus
Virus patients now occupy more than half of France’s intensive care units, and some doctors are urging tougher restrictions after another record jump in confirmed infections
5:20AM ( 12 minutes ago )
Associated Press (AP)
Early vote total exceeds 2016; GOP chips at Dems' advantage
The number of people casting an early ballot in the presidential election now surpasses those who voted early during all of 2016
3:09AM ( 2 hours ago )
Asian shares mostly fall on uncertainty over US election
Asian shares are mostly lower in muted trading amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy
2:38AM ( 2 hours ago )
Senate to confirm Barrett for court in highly partisan vote
A deeply torn Senate is set to confirm Amy Coney Barrett to the Supreme Court
2:02AM ( 3 hours ago )
AP Elections
GOP slowly gaining as early vote total surpasses 2016
The number of people casting an early ballot in the presidential election now surpasses those who voted early during all of 2016
6:05PM ( 11 hours ago )
The Latest: Pence to be in Minnesota on Monday after all
Vice President Mike Pence will be campaigning in Minnesota after all on Monday
5:33PM ( 11 hours ago )
The Latest: Trump makes play for an electoral vote in Maine
President Donald Trump made a brief swing to Maine’s 2nd Congressional District on Sunday to present his case for its single electoral vote
4:54PM ( 12 hours ago )
General Election News
The Latest: Pelosi says she's not giving up on virus relief
House Speaker Nancy Pelosi says she’s not giving up on passing another coronavirus relief economic package before the Nov. 3 election
10:19AM ( 19 hours ago )
Observers say Tanzania's presidential vote is already flawed
Tanzania’s opposition faces a new obstacle in its quest to unseat President John Magufuli in Wednesday’s election: It says the government has made it difficult to accredit thousands of opposition electoral observers who want to ensure the vote is fair
4:59AM ( 1 day ago )
Ukraine's local elections test leader and his young party
Ukrainians are voting in local elections that are considered a test for President Volodymyr Zelenskiy
3:24AM ( 1 day ago )
General Presidential Election News
Malaysian PM faces calls to resign after emergency rebuffed
Malaysia’s prime minister is facing calls to resign after the king rebuffed his proposal for a coronavirus emergency that critics saw as an undemocratic attempt to hold onto power
3:16AM ( 2 hours ago )
Chinese leaders focus on tech as they make 5-year plan
Chinese leaders are meeting to formulate an economic blueprint for the next five years that is expected to emphasize development of semiconductors and other technology at a time when Washington is cutting off access to U.S. technology
3:04AM ( 2 hours ago )
Coal magnate Robert Murray dead at 80, days after retiring
Coal magnate Robert Murray has died at his home in Ohio less than a week after announcing his retirement as board chairman of a major U.S. coal operator
2:15AM ( 3 hours ago )
AP Business
Foreign students show less zeal for US since Trump took over
America has been considered the premier destination for international students, with the promise of an education at top-notch universities leading to job opportunities
2:23PM ( 15 hours ago )
Lithuania holds parliamentary vote as pandemic hits jobs
Lithuanians were voting in a parliamentary runoff where the winner will have to tackle a growing health crisis and high unemployment due to the coronavirus pandemic
10:01AM ( 19 hours ago )
Pompeo, Esper to push Trump's anti-China message in India
Two of President Donald Trump’s top national security aides will visit India for meetings focused largely on countering China’s growing global influence
2:55AM ( 1 day ago )
AP Business - Economy
Four years in, Trump has plenty of unfinished business
President Donald Trump swept into office nearly four years ago as an outsider who promised to get things done on behalf of the American people through force of will and unrivaled knowledge about the art of the deal
8:41AM ( 1 day ago )
US stocks shake off a wobbly start and end mostly higher
Stocks shrugged off a sluggish start and ended mostly higher on Wall Street Friday
4:59PM ( 2 days ago )
Stocks are mixed on Wall Street as more earnings come in
Stocks are trading mixed on Wall Street, following gains in European markets, as more U.S. companies report results for the summer earnings period
2:19PM ( 2 days ago )
AP Business - Financial Markets
Crew safe, 7 detained after UK special forces raid tanker
The operator of an oil tanker that was stormed by British naval special forces after a group of stowaways threatened violence says all the crew members are “safe and well."
5:25AM ( 7 minutes ago )
The Latest: Expert: France has "lost control" of the virus
Virus patients now occupy more than half of France’s intensive care units, and some doctors are urging tougher restrictions after another record jump in confirmed infections
5:20AM ( 13 minutes ago )
Zeta likely hurricane before hitting Yucatan, heading for US
A strengthening Tropical Storm Zeta is expected to become a hurricane Monday as it heads toward the eastern end of Mexico’s resort-dotted Yucatan Peninsula and then likely move on for a possible landfall on the central U.S. Gulf Coast at midweek
5:06AM ( 26 minutes ago )
Armenia, Azerbaijan accuse each other of truce violations
Armenia and Azerbaijan on Monday accused each other of violating the new U.S.-brokered cease-fire aimed to halt the fighting over the separatist region of Nagorno-Karabakh
4:58AM ( 34 minutes ago )
Australia protests Qatar airport's exams of women passengers
Australia has condemned Qatar authorities’ treatment of female passengers on a flight to Sydney who were subjected to internal examinations after a newborn baby was found abandoned at a Doha airport
4:24AM ( 1 hour ago )