Nasdaq 100 Retreats Amid Viral Concerns, Will Hang Seng Index Follow?
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Crude oil prices pulled back for a second day, reflecting weakening demand outlook
Asia-Pacific markets are positioned to follow a negative lead, with most futures trading in the red
Tech Pullback, Delta Variant, Oil Retreat, Asia-Pacific at Open:
The Nasdaq 100 index pulled back from record highs for a second day as the emerging Delta variant of the Covid-19 virus casted a shadow over the outlook of global recovery. The energy (-1.47%) and technology (-0.84%) sectors were leading the decline. Los Angeles reinstated mask mandates for all residents in indoor public spaces as the county is scrambling to fight a rising number of Covid-19 cases. Los Angeles has seen a steep increase in coronavirus cases recently, with 1,077 new ones reported on July 14th, more than doubled from a week ago.