Global shares and U.S. futures were mostly lower Monday as hopes for more U.S. economic aid were countered by fears over spreading damage from the pandemic. France's CAC 40 slipped 0.5 per cent in early trading to 5,677.99, while Germany's DAX slipped 0.8 per cent to 13,943.02. Britain's FTSE 100 shed 0.4 per cent to 6,843.12. U.S. shares were poised for a weak start with Dow futures down nearly 0.7 per cent at 30,793.00. S&P 500 futures fell 0.6 per cent to 3,794.00. Traders continued to be cheered by prospects that the incoming administration of President-elect Joe Biden will pump more aid into the U.S. economy, a move that will help Asia and other export-driven nations. But that optimism is tempered by worries over the potential for further disruptions on the political front before Biden takes office on January 20, following last weeks riots at the U.S. Capitol. Biden may also struggle to win support for his pledges of much more financial support for individuals and businesses,
World shares edged higher as some markets wrapped up trading for 2020, anticipating a dose of fresh support for the US economy
Growth-sensitive cyclical sectors such as oil and gas, miners and banks once again led the rally - all rising between 2-3.5%
Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus
Experts say the reason for the dip in India's market share is largely the increase in the share of the world's two biggest stock markets and economies
"In recent years, we have grown used to every wobbly being met by government measures and this time around is no different"
Australia's benchmark fell as much as 7 per cent and is on track for its worst week on record
Brent crude was trading at $46.36/barrel (down 7.84 per cent) at 11.46 pm IST.
Lim Chow Kiat, CEO of Singapore's GIC Pte, says markets are becoming increasingly dire and investors face an uncertain future.
Brent crude futures were down 1.8%, at $61.01 a barrel.
Yields on Germany's 10-year government bond, the euro zone benchmark, were around 0.69%, having plunged to 0.66% on Tuesday
Germany's DAX was down 0.1%, France's CAC 40 was flat and Britain's FTSE 100 was up 0.1%
Investors from abroad are acknowledging India's shift towards structural reforms and macro prudence