Asian shares push higher as more countries ease lockdowns | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 30, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 30, 2025
Asian shares push higher as more countries ease lockdowns

Global Economy

Reuters
11 May, 2020, 08:50 am
Last modified: 11 May, 2020, 08:53 am

Related News

  • Asian markets swing on recession fears as inflation data looms
  • Asian shares extend global selloff amid bets on more aggressive Fed
  • US data sends Asian stocks lower; China trade disappoints
  • Stocks extend slide, dollar climbs on rate hubbub
  • Asia shares bounce on China property fund as Fed hike looms

Asian shares push higher as more countries ease lockdowns

The bond market certainly seems to think any recovery will be slow with two-year yields hitting record lows at 0.105% and Fed fund futures turning negative for the first time ever

Reuters
11 May, 2020, 08:50 am
Last modified: 11 May, 2020, 08:53 am
Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17, 2020/ Reuters
Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17, 2020/ Reuters

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.

South Korea warned of a second wave of the new coronavirus as infections rebounded to a one-month high, while new infections accelerated in Germany.

Yet millions of French people are set to cautiously emerge from one of Europe's strictest lockdowns on Monday, as countries across Europe ease restrictions.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Investors seemed determined to stay optimistic and MSCI's broadest index of Asia-Pacific shares outside Japan firmed 1.1%.

Japan's Nikkei added 1.6% and Chinese blue chips 0.7%. E-Mini futures for the S&P 500 ESc1 opened soft but bounced as the morning wore on and was last up 0.5%.

EUROSTOXX 50 futures gained 0.8% and FTSE futures FFIc1 0.7%.

Wall Street had rallied on Friday after the April payrolls report proved dire but not quite as awful as analysts' worst fears.

"Just getting the worst jobs report in history out, is at the margins helpful for risky assets," said Alan Ruskin, head of G10 FX at Deutsche Bank.

"Since late March there has been an extraordinary divergence between the real economy and financial risk, with the latter helped by unprecedented policy accommodation," he added.

"Markets know the real economy data is awful. We are less sure of how long markets aided by policy, can defy the real economy, if the growth improvement is slow."

The bond market certainly seems to think any recovery will be slow with two-year yields hitting record lows at 0.105% and Fed fund futures turning negative for the first time ever.

The rally in prices has come even as the US Treasury plans to borrow trillions of dollars in the next few months to plug a gaping budget deficit.

Federal Reserve Chair Jerome Powell is due to give a key note speech on Wednesday and analysts suspect he will rule out taking rates negative, at least for now.

The decline in US yields might have been a burden for the dollar but with rates everywhere near or less than zero, major currencies have been stuck in tight ranges.

The dollar was a shade firmer on the yen at 106.94 on Monday but well within the 105.97 to 109.37 band that has lasted since late March. The euro was a fraction softer at $1.0830 EUR= but above last week's low at $1.0765.

Against a basket of currencies, the dollar was idling at 99.837, sandwiched between support at 98.769 and resistance around 100.40.

In commodity markets, gold edged up 0.5% to $1,708 an ounce.

Oil prices opened about 1% lower as a persistent glut weighed on prices and the coronavirus pandemic eroded global oil demand, even as some governments began to ease lockdowns.

Brent crude LCOc1 futures lost 54 cents to $30.43 a barrel, while US crude CLc1 fell 53 cents to $24.21.

Top News / World+Biz

Asian Share

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: Collected
    'Heavy to very heavy' rainfall expected across country as land depression weakens further
  • Chief Adviser Muhammad Yunus speaks at a roundtable discussion organised by the Japan External Trade Organization (JETRO) at its office in Tokyo on 30 May. Photo: UNB
    Prof Yunus seeks Japanese investment to boost Bangladesh’s recovery drive
  • News of The Day, 30 MAY 2025
    News of The Day, 30 MAY 2025

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25

Related News

  • Asian markets swing on recession fears as inflation data looms
  • Asian shares extend global selloff amid bets on more aggressive Fed
  • US data sends Asian stocks lower; China trade disappoints
  • Stocks extend slide, dollar climbs on rate hubbub
  • Asia shares bounce on China property fund as Fed hike looms

Features

Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

2h | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

4h | Mode
Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

8h | Features
For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

1d | The Big Picture

More Videos from TBS

Six MoUs signed during Chief Advisor's visit to Japan

Six MoUs signed during Chief Advisor's visit to Japan

3h | TBS Today
Record migrant deaths in 2024

Record migrant deaths in 2024

22h | Podcast
Govt likely to trim subsidies in new budget

Govt likely to trim subsidies in new budget

6h | TBS Insight
News of The Day, 29 MAY 2025

News of The Day, 29 MAY 2025

23h | TBS News of the day
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net