Eksplorasi.id – Asian stocks traded mixed while the dollar strengthened on Monday as investors prepared for a dour earnings season, while keeping an eye on tentative signs that coronavirus infection rates are decelerating in some countries.
Crude oil prices collapsed anew, with West Texas Intermediate crude plunging below $16 a barrel to the lowest level since 2001. The Bloomberg Dollar Spot Index recouped some of its declines from Friday, while Treasuries were largely flat.
Australian and Japanese stocks saw the biggest declines among major Asia-Pacific markets, while Chinese and Korean indexes outperformed. U.S. equity futures erased earlier losses.
Earnings season will provide investors with a look at just how much the pandemic has impacted businesses. IBM, Infosys Ltd. and China Mobile Ltd. kick things off on Monday, followed by Coca-Cola Co. and Netflix Inc. Goldman Sachs Group strategists anticipate that American companies will pare back cash spending by a record this year.