Asian markets are edging lower at the start of the new trading week. Worsening signs of Covid-19 and a lack of progress on Brexit trade talks have sapped risk appetite.
Benchmark indices in Japan and Australia are drifting lower in early trade. This, despite Congressional leaders in the U.S. reaching a deal on roughly $900 billion of outlays to support the U.S. economy.
The pound remains under pressure as the government warned that the new coronavirus strain was out of control while ‘significant differences’ remained in trade talks.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.4% to 13,728 as of 6:55 a.m.
Let’s take a look at the factors that may influence equities in today’s session:
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