9.35 AM: Asian shares got off to a subdued start on Monday as surging coronavirus cases in Europe and the United states

Asia Updates: Asian shares got off to a subdued start on Monday as surging coronavirus cases in Europe and the United states threatened the global outlook, while China’s leaders meet to ponder the future of the economic giant.

The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency.

That combined with no clear progress on a U.S. stimulus package to pull S&P 500 futures down 0.5%. EUROSTOXX 50 futures eased 0.4% and FTSE futures 0.3%.

News Source:- Moneycontrol

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