Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. S&P 500 e-mini stock futures also fell 0.18%. Crude futures extended declines from a one-month high in Asian trading on speculation that coronavirus restrictions in India, the world's third-largest oil importer, will hurt energy demand. Declines in Asian shares followed a downbeat day on Wall Street. In a sign of growing risk aversion, spot gold traded at $1,778.18 per ounce, close to a seven-week high reached on Monday.

Source: Mint April 21, 2021 01:30 UTC