Global Stocks Fluctuate as China Posts Positive PMI, but US Has Biggest 1-Day Infections

Global stocks were fluctuating as the U.S. reported a biggest one-day spike of 47,000 cases since the pandemic started while experts expected the daily case to double soon.

 

As of 15:02 local time in Thailand (GMT+7), Nikkei dropped 0.75%, SSEC rose 1.38%, HSI gained 0.52%, ASX 200 advanced 0.62% and Kospi lost 0.08%.

In the European market, DAX increased 0.66%, FTSE dropped 0.09%, CAC fell 0.19% and STOXX600 gained 0.09%.

Dow Jones Futures slipped 0.03%, S&P 500 Futures rose 0.02% and Nasdaq Futures increased 0.03%.

 

Even though, the Asia stocks had positive sentiment earlier in the morning session due to the Chinese economic data in which the Caixin/Markit manufacturing Purchasing Managers Index came in at 51.2, beating a 50.4 reading, polled by economists.

However, on June 30, 2020, the U.S. new coronavirus cases rose by more than 47,000 according to a Reuters tally. The number was the biggest one-day infection since the start of the pandemic. The U.S. reported more than double coronavirus cases in 14 states in June, including California, Florida and Texas.

 

Anthony S. Fauci, the U.S. infectious-disease expert, warned that the U.S. is going in a wrong direction and the number of infections could top 100,000 a day soon.

“Clearly we are not in control right now,” he said.