Australian stocks are declining after the US holiday
Shares in Australia and futures in Japan and Hong Kong declined Friday morning, with Asia Pacific markets starting to weaken until the day after the Thanksgiving holiday in the US.
The Australian Benchmark S&P / ASX 200 fell 0.4 percent in the first quarter, while Japan’s Topix and Hong Kong’s Hang Seng index fell 0.1 and 0.3 percent respectively.
Markets in the US closed for Thanksgiving Thursday and will have a short section on Friday. In Europe, the Stoxx Europe 600 gauge closed 0.4 percent as traders explored investment opportunities following strong US financial data released in the previous quarter and minutes of a recent Federal Reserve meeting.
Reports released Wednesday showed that US unemployment rates each week had fallen sharply since 1969 and that the Fed-based inflation was showing a sharp annual decline in October since the 1990s.
The Australian dollar depreciated overnight.
The UK and France are at loggerheads in responding to the plight of migrants on the Channel
Boris Johnson and Emmanuel Macron on Thursday were struggling to cope with the death of 27 people who drowned and tried to cross the English Channel from France yesterday.
The UK and French governments, which have been hampered by tensions since Brexit, denounced the smuggling network and vowed to crack down on terrorists as security seekers risked their lives in small boats.
“We want a strong European partnership on this, as France is a dynamic country,” the French president said during a visit to Croatia.
On Thursday, 62 other migrants arrived in the UK in small boats, while France stopped at another 30.
Tensions escalated between the UK and France yesterday when Priti Patel, Britain’s secretary general, said it was the responsibility of the French government to stop people crossing the Channel. “I am committed to working with France to establish officers and to do everything possible to protect the region so that vulnerable people do not risk their lives by boarding invading boats,” he told House of commons.
Read more about Johnson and Macron.
Southern Africa has set a red flag for UK travel on Covid
UK returns six southern African countries to their red carpet restriction list, after a major overhaul of coronavirus mutations caused panic among health officials around the world.
Travelers coming from South Africa, Botswana, Namibia, Zimbabwe, Lesotho and Swaziland will be forced to remain in solitary confinement for 10 days at a government venue from Friday afternoon, officials said.
Direct flights from six countries will be banned from Friday afternoon until hotel accommodation expires at 4am on Sunday.
The change in the law follows concerns that scientists are increasingly concerned about the potential for the B.1.1.529 Sars-Cov-2 vaccine-evasive virus and it is spreading faster than the Delta genus. The crisis, first identified in Botswana, is believed to have been behind Covid’s lawsuits in South Africa last week.
Read more about new evolution.
What you can see in Asia today
Chinese technical findings: Meituan catering company and frequent video platform Pinduoduo report found today. Meituan was fined Rmb3.4bn ($ 530m) after being found guilty of fraud in October. Despite significant fines, some experts say the company has declined slightly.
Markets: U.S. markets closed Thursday due to Thanksgiving. Australian stocks fell short of initial trading, while Japan’s futures were flat.
More: Markets could be affected by Australian trade prices for October and Tokyo inflation figures, both reported today. Retail sales rose for the first time since May in September, and are expected to grow in October. ANZ also reports customer numbers in New Zealand today.
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