MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. “We assume that any second wave is likely to be more manageable than the first given earlier policy experience,” analysts at Morgan Stanley wrote in a note. Analysts said further tests awaited global markets this week – in particular whether re-opening hopes could still push equities higher. Also of interest is US May retail sales figures on Tuesday, which are expected to bounce smartly after a slump in April. Oil investors await OPEC+ committee meetings of experts later this week who will advise the producer group and its allies on output cuts.

Source: bd News24 June 15, 2020 03:00 UTC