 (Bloomberg) -- Asian stocks looked poised for a cautious start to the week as investors mulled China's latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher.Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes may be lower than average Monday due to a U.S. holiday; Treasuries won't trade. China over the weekend unveiled plans for reducing corporate taxes and fees, and letting banks run up more non-performing loans. The head of a hospital in Wuhan, the city at the center of the outbreak, said a turning point has been reached and that new infections are declining, CCTV reported.While investor sentiment improved the past two weeks amid optimism the outbreak may be nearing a peak, new cases outside of China are keeping traders on edge. The head of the International Monetary Fund praised China for its "very aggressive" measures to limit the impact of the disease. Hubei province on Monday reported almost 2,000 new cases and 100 additional deaths."News on the Covid-19 outbreak will no doubt continue to dominate over the week ahead as investors attempt to assess whether it is being contained or not," said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. "Improving global growth and still easy monetary conditions should drive reasonable investment returns through 2020, providing the coronavirus is contained in the next month or so."Meantime, U.S. eq
|
Private Label