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China delayed releasing coronavirus info, frustrating WHO CNBCGlobal report: Wuhan reports no asymptomatic cases for first time The GuardianChina delay on coronavirus data 'frustrating' - WHO: Live updates Al Jazeera EnglishChina Records Highest Daily Coronavirus Infections Increase for Weeks Newsweek
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 Asian stocks rose on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about U.S.-China relations and the depth of economic damage.
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 Asian stocks rose on Tuesday
as investors' focus on the prospects of a global coronavirus
recovery won out over familiar worries about U.S.-China
relations and the depth of economic damage.
|
|
 Visa (V) has indicated a solid uptick in consumer spending from April to May, as it continues to actively monitor the Covid-19 impact globally.Most notably, in May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April. Meanwhile debit grew 12% and credit declined 21% year-over-year in May, a 17 ppt and 9 ppt improvement over April, respectively."The continued distribution of Economic Impact Payments and the relaxing of shelter-in-place restrictions in a number of states are driving these trends" Visa stated.However, recovery in international markets in which Visa processes the majority of transactions lagged the U.S. in May. Across most of Europe, as well as Australia, Canada and Japan, the trajectory so far is comparable to the U.S. India and Singapore are slowly reopening, said Visa, while a few markets, such as New Zealand, Denmark and Chile, have positive year-over-year constant dollar growth in May.Global processed transactions declined 12% in May, a 12 ppt improvement over April. Since April, the mix has shifted to larger ticket transactions.Cross-border volumes excluding intra-Europe transactions declined 45% in May, a 6 ppt improvement over April. Travel related cross-border volumes declined 78% in May while cross-border eCommerce (excluding travel) continued to grow strongly, up 18%. Cross-border volumes including intra-Europe transactions declined 35% in May, an 8 ppt improvement over April."As we have indicated before, cross-border volumes excluding intra-Eur
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Amazon sees surging sales of pepper spray, Black Lives Matter merch CNBCThousands around the world protest George Floyd's death in global display of solidarity CNN'Stop making everything about you': Billie Eilish denounces 'All Lives Matter' cause NBC NewsEmpty statements like Amazon's show black lives only matter to big business when there's profit to be made The IndependentGeorge Floyd's death prompts huge protest in London CBS News
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Asian stocks eked out gains on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about Sino-U.S. relations and the depth of economic damage.
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