Investor caution reigned as rising coronavirus infections, and the threat of more lockdowns, further eroded optimism that a vaccine would be ready soon. Trump and Republican prevarication over passing a new stimulus bill also weighed on markets.
Sales of plant-based meat substitute foods are surging, especially during the pandemic as consumers seek alternative protein sources at a time of heightened health concerns. Declining supplies of real meat are also stoking demand. Asia Times Financial TV reports.
04 Trump goes for CT
China Telecom became the latest of the nation’s high-profile tech firms to feel the wrath of outgoing President Trump as he signed a last-minute order barring US investment in firms connected to the Chinese military.
"The ravaging spread of the virus in the US, which may force tighter lockdown restrictions, is hurting global risk sentiment. But given that the Australian economy is likely to be an outperformer on the global comparative scale, dip buying should soon start to appear on the street with their fill of chasing AUDNZD lower."
Stephen Innes, Chief Global Market Strategist at Axi
06 China offshore oil find
Chinese drillers have discovered offshore petrocarbon deposits beneath the South China Sea that contain an estimated 200 million tonnes of oil and gas reserves of about 300 billion tonnes.