Stocks in Asia Pacific were mostly higher on Tuesday as investor sentiment continued to remain elevated amid an easing of coronavirus lockdown measures.
The coronavirus pandemic is worsening across the globe as the number of new Covid-19 cases on Sunday reached an all-time high, WHO Director-General Tedros Adhanom Ghebreyesus said.
New York Gov. Andrew Cuomo urged people excited about the reopening of New York City to remain smart and vigilant in their social distancing practices to guard against a potential spike in the number of positive Covid-19 cases.
When it comes to such policies, timing is key, the researchers wrote, adding that "seemingly small delays in policy deployment likely produced dramatically different health outcomes."
The World Health Organization is holding a briefing Monday on the coronavirus pandemic, which has infected more than 7 million people worldwide and killed at least 403,267.
Brent crude still needs to work through its oversupply issues before it can break above its current price range of between $40 and $50 per barrel, said Westwood Global Energy Group's Thom Payne.
Stocks in Asia were higher on Monday after U.S. jobs data released Friday showed an unexpected jump, spurring hopes of an economic recovery from the coronavirus pandemic.
The U.S. is reopening "too soon," which could trigger another wave of coronavirus infections and further rounds of lockdown, said Michael Spencer, Deutsche Bank's chief economist and head of research for Asia Pacific.
As the global death of Covid-19 nears 400,000, U.S. health officials are keeping a close eye on caseloads and hospitalization rates as states continue to relax their lockdown measures and reopen different types of businesses.
White House health advisor Dr. Anthony Fauci told CNBC on Friday that the decision to reopen schools this fall will depend on the coronavirus' transmission in the region.
President Donald Trump said the U.S. has already produced 2 million coronavirus vaccine doses that are "ready to go" once scientists figure out whether it is safe and effective.
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