Asian shares subdued as S&P slips, virus surges

Investing.com | Oct 26, 2020 at 1:00 AM
  • Asian shares got the week off to a hesitant start on Monday as surging coronavirus cases in Europe and the United states undermined the global outlook, while China’s leaders meet to ponder the future of the economic giant.
  • The Bank of Canada and Bank of Japan are expected to hold fire for now, while the market assumes the European Central Bank will sound cautious on inflation and growth even if they skip a further easing.
  • Brent crude (LCOc1) futures lost 73 cents to $41.04 a barrel, while U.S. crude (CLc1) also fell 73 cents to $39.12.