Asian stocks slip as virus fears deepen ahead of U.S. jobs data
“The question of whether the U.S. index goes to test the March lows will be all the talk today,” Chris Weston, head of research at Melbourne brokerage Pepperstone, said in a note.
Oil prices fell after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever as the coronavirus shut down businesses and stay-at-home mandates kept highways bare. West Texas Intermediate crude CLc1 fell 17 cents to settle at $20.31 a barrel, after sliding to a low of $19.90. June Brent crude LCOc1 fell $1.61 to settle at $24.74 a barrel. The global benchmark fell to $21.65 on Monday, its lowest since 2002, when the now-expired May contract was the front month. The dollar gained as investors rushed to safe-havens, such as gold and government debt.
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