Asian shares and U.S. stock futures teetered in choppy trade on Friday as lingering concerns about an fresh spike in coronavirus cases offset growing hopes for a quick economic recovery.
Australia’s S&P/ASX 200 erased gains to trade 0.08% lower, unsettled by a major cyberattack on all levels of Australian’s government.Euro Stoxx 50 futures STXEc1 were up 0.03%, German DAX futures FDXc1 edged up 0.04%, while FTSE futures FFIc1 gained 0.19% in cautious trade.
On Thursday around 400 workers at a slaughterhouse in northern Germany tested positive for the virus. At the same time, investors are nervously following a cluster of cases in Beijing and rising cases in several U.S. states. Data on Thursday showed the number of U.S. unemployed remains stubbornly high amid signs of a second wave of corporate layoffs as companies grappled with large declines in revenue because of the coronavirus outbreak.
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