GLOBAL MARKETS-Asian stocks seen retreating from 1-month high as investors reconsider risk [Reuters]
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Source: Reuters
GLOBAL MARKETS-Asian stocks seen retreating from 1-month high as investors reconsider risk * Asian stock markets: tmsnrt.rs/2zpUAr4 By Koh Gui Qing NEW YORK, April 14 (Reuters) - Asian shares looked set to pull back from a one-month high on Tuesday, as warnings of a deep recession dampened investor optimism that the slowing spread of the coronavirus could allow businesses to re-open. E-Mini futures for the S&P 500 fell right from the closing bell and were down 0.26%, while Nikkei futures pointed to an opening loss of around five points, defying broad gains in U.S. stocks overnight. The retreat from riskier assets followed the International Monetary Fund’s prediction on Tuesday that the global economy may shrink by 3% in 2020 due to the virus outbreak, in the worst downturn since the Great Depression of the 1930s. Even estimates for a partial recovery next year are marred by “extreme uncertainty” and the outcome could be far worse, depending on the course of the pandemic, the fund war
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