China sees fewest daily new COVID-19 cases in more than a month Auto shares lead gains backed by strong sales growth
BEIJING, Feb 3 (Reuters) - China shares rose on Wednesday, boosted by automobile makers that gained on expectations of strong sales growth this year and easing concerns about COVID-19 outbreak after daily new cases dropped to their lowest in more than a month. At the midday break, the Shanghai Composite index was up 0.2% at 3,540.65 and the blue-chip CSI300 index was up 0.51%. Leading the gains, the auto sector sub-index surged 5.5%, the rare earth sector gained 3.7% and the healthcare sub-index was up 2.13%.
Impact Of COVID-19 on E-Retail Market
According to the report given by the United Nations Conference on Trade and Development, the pandemic has surged the shift towards an online and a more digital world. There have been significant changes in online shopping behaviours, which would last for a longer period. The report and survey covered Turkey, Switzerland, South Africa, Russia, South Korea, Italy, Germany, China, and Brazil. The survey stated that online purchases increased by around 6 to 10% points across considerable product categories. The biggest gainers of the pandemic were Personal care and cosmetics, food and beverages, pharmaceutical and health, electronic goods, media and books, and others. The report also stated that average online spending per month dropped at a significant rate. There was an acceleration in the purchase of essential products such as medicines, cosmetics, and food and beverages.
A Peek Into The Markets: US Stock Futures Up; Alphabet, Amazon Report Upbeat Earnings Benzinga 2/3/2021
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after the Dow Jones added 475 points in the previous session. Investors are awaiting earnings reports from Humana Inc (NYSE: HUM) and Paypal Holdings Inc (NASDAQ: PYPL), Metlife Inc (NYSE: MET), eBay Inc. (NASDAQ: EBAY).
The ADP’s national employment report for January will be released at 8:15 a.m. ET. US Services Purchasing Managers Index for January is scheduled for release at 9:45 a.m. ET, while the ISM s services index for January will be released at 10:00 a.m. ET. Minneapolis Fed President Neel Kashkari is set to speak at 8:30 a.m. ET, while Federal Reserve Bank of St. Louis President James Bullard will speak at 1:00 p.m. ET. Philadelphia Fed President Patrick Harker is set to speak at 2:00 p.m. ET, while Federal Reserve Bank of Cleveland President Loretta Mester will speak at 5:
Tencent sacks 100 employees, blacklists 37 firms over embezzelement, bribery incidents
Tencent, China s biggest social media and video games company, said in a social media post that it had reported 40 employees to authorities since it started an anti-graft campaign in the fourth quarter of 2019
Reuters | February 3, 2021 | Updated 12:14 IST
Tencent Holdings Ltd on Wednesday named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.
Tencent, China s biggest social media and video games company, said in a social media post that it had reported 40 employees to authorities since it started an anti-graft campaign in the fourth quarter of 2019.
Press release content from Business Wire. The AP news staff was not involved in its creation.
2020 Analysis on the Emergence of COVID-19 and the Impact on E-Retail - ResearchAndMarkets.com
February 3, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 3, 2021
E-Retail or commonly known as electronic retailing is the sale and trading of services and goods online or the internet. The companies involved in this industry develop and enhance their business structure and model to capture online sales by building distribution channels such as product shipping centres, Internet Webpages, and Web sites and Warehouses, to store their goods and products. There are a plethora of factors that have been driving the overall market growth. Increasing the convenience of purchasing luxury products and dairy essentials from home is a major factor in market growth.