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Markets seen volatile; Asian shares rise on oil prices rally

China Usa India covid-19 outbreak economy Coronavirus
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Indian stock markets are likely to be volatile on Tuesday, with trends in SGX Nifty suggesting a positive opening for benchmark domestic indices.

A late Wall Street rally led Asian stocks higher in early deals after tech shares and oil rose on easing covid-19 restrictions and prospects of an economic recovery, offsetting fresh concerns over China-US trade tensions.

Oil surged 5% as countries announced they would begin relaxing covid-19 lockdowns and as crude supply cuts took effect. The shift in sentiment came too late for European stocks with the pan-European STOXX 600 ending 2.7% lower.

There were also concerns about declines in manufacturing in Europe and the US. MSCI's gauge of stocks across the globe shed 0.69% on Monday.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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