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Markets seen choppy as investors await fiscal stimulus; Asian stocks cautious
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Indian stock markets are likely to stay volatile in Thursday’s trade. The benchmark indices posted biggest gains in over a decade in the previous trading session, even as the country went into a 21-day lockdown to curb the spread of coronarivus (COVID-19).
Asian stock markets made a cautious start following two days of rallies, as investors await the passage and details of a $2 trillion stimulus package in the United States to combat the economic fallout from the COVID-19.
Senate leaders hope to vote on the plan later on Wednesday in Washington, but it still faces criticism. The bill includes a $500 billion fund to help hard-hit industries and a comparable amount for payments up to $3,000 to millions of US families.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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