Global stocks are mixed as investors weigh COVID-19 deaths topping 500,000, and markets are hit with a ‘nervous calm’
- Global stocks were mixed on Monday, driven by rising concerns over worldwide Covid-19 deaths crossing half a million this weekend.
- US stocks pointed to choppy trading as futures wavered between gains and losses in pre-market trading. Futures tied to the S&P 500 rose 0.2% as of around 6.45 a.m. ET.
- Investors have been inconsistent in their approach to a likelihood of a second-wave, “veering between outright distress, nervous calm and fingers-in-ears positivity, sort of on a whim,” a financial analyst said.
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Global stocks were mixed on Monday as investors weighed the impact of global coronavirus deaths crossing the half-million mark over the weekend.
Futures tied to the S&P 500 hesitated between gains and losses before ticking up 0.2% as of around 6.45 a.m. ET.
Case counts around the world have surpassed 10 million, with around 1 million new cases per week, according to the World Health Organization.
Those figures are likely much higher in reality due to reporting discrepancies from nation to nation, according to Connor Campbell, a financial analyst at SpreadEx.
Investor sentiment in …continued .
[Source: Business Insider]