Latest News Updates: Australian Stocks Fall Following US Holiday

Australian stocks fall following US holidays

With Australian stocks and Japanese and Hong Kong futures falling on Friday morning, the Asia-Pacific market got off to a weak start the day after a quiet Thanksgiving holiday in the United States.

Australia’s benchmark S & P / ASX 200 fell 0.4% in early trading, while Japan’s Tokyo Stock Price Index and Hong Kong’s Hang Seng Index futures fell 0.1% and 0.3%, respectively.

The US market will be closed for Thanksgiving on Thursday and will run a shortened session on Friday. In Europe, the Stocks Europe 600 Gauge was released as traders considered potential monetary tightening following strong US economic data released in a previous session and minutes of the latest Federal Reserve policy meeting. It increased by 0.4%.

Data released Wednesday show that US weekly unemployment claims hit their lowest since 1969, with the FRB’s subsequent inflation indicators recording the largest year-over-year surge in October since the 1990s. Was shown.

The Australian dollar fell overnight.

Britain and France clash over response to channel immigrant tragedy

Boris Johnson and Emmanuel Macron had a hard time coordinating a consistent response to the deaths of 27 migrants who drowned trying to cross the English Channel the day before on Thursday.

The British and French governments have vowed to crack down on gangsters as asylum seekers endanger their lives in small boats, blaming traffickers’ criminal networks, hampered by worsening relations since Brexit.

“Given that France is a transit country, we need stronger European cooperation in this regard,” the French president said in a visit to Croatia.

On Thursday, another 62 immigrants arrived in the UK on a small boat, and France stopped another 30.

Britain’s Home Secretary, Priti Patel, said yesterday that tensions between Britain and France continued and that the French government was responsible for preventing people from crossing the strait. “I work with France to place officers on the ground and absolutely whatever is necessary to secure the area so that vulnerable people do not endanger their lives by boarding non-sealerable boats. I offered to do it, “she told the House of Commons.

Read more about Johnson and Macron..

South African countries are on the Red List for UK travel more than Covid variants

The UK plans to return six countries in southern Africa to the Red List of travel bans after a clear surge in cases where a highly mutated coronavirus variant has alerted global health authorities.

Travelers returning from South Africa, Botswana, Namibia, Zimbabwe, Lesoto and Eswatini will be forced to quarantine at government facilities for 10 days starting Friday noon, government officials said.

Direct flights from six countries will be banned from noon on Friday until the hotel quarantine goes live from 4 am on Sunday.

The rule change follows the growing concern of scientists about the ability of the B.1.1.529 Sars-Cov-2 variant to evade vaccines and infect faster than the Delta variant. The first strain identified in Botswana is believed to be behind the resurgence of Covid cases in South Africa over the past week.

Read more about New variant..

What to see in Asia today

China’s technology revenue: Food delivery company Meituan and short video platform Pinduoduo report revenue today. Meituan had to swallow a fine of RMB 3.4 billion ($ 530 million) after being convicted of monopoly practice in October. Despite the huge fines, some analysts say the company got off lightly.

market: The US stock market closed on Thursday due to Thanksgiving. Japanese futures were flat, but Australian stocks fell early in the deal.

data: The market may be affected by Australia’s October retail sales and Tokyo’s inflation rate reported today. Retail sales are expected to increase for the first time since May in September and accelerate in October. ANZ also reports today’s New Zealand consumer confidence figures.

Latest News Updates: Australian Stocks Fall Following US Holiday

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