Business surveys have highlighted developing risks from the relentless coronavirus pandemic. Businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support is having a devestating effect on the US economy.
Meanwhile, Asian equity markets ground higher as investors tried to look past gathering tensions with the US and renewed coronavirus lockdowns. Investors appear to be looking to upcoming company earnings, hoping that global stimulus efforts will result in upbeat outlooks.
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