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World shares struggled on Tuesday amid new COVID lockdowns in Europe and Senate runoff races in Georgia that could affect incoming U.S. President Joe Biden's ability to pursue his preferred economic policies.

Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden's ability to pursue his preferred economic policies.

Shares on Wall Street closed sharply lower on Monday, sliding from alltime peaks on the first trading day of the year, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases.

Asian shares fell on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden's economic policies.

U.S. manufacturing activity picked up at its briskest pace in more than six years in December, extending a recovery in the factory sector that has spurred the strongest pricing environment for goods producers since 2011 as the coronavirus pandemic upends...

The S&P 500 and the Dow eased from record levels on the first trading day of the year on Monday as nerves over the outcome of runoff elections in Georgia this week countered optimism over a vaccinedriven recovery in the global economy.

Oil prices touched multimonth highs on Monday on expectations OPEC and allied producers will hold off on increasing output in February and on hopes that vaccines may curb the spread of the novel coronavirus and drive an economic rebound.

The sources, however, refused to share more details like likely pricing and citing confidentiality.

Spot gold rose 1.1% to $1,919.07 per ounce by 0246 GMT, having hit its highest since Nov. 9 at $1,920.09, while U.S. gold futures climbed 1.5% to $1,923.50.

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African countries began officially trading under a new continentwide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.

Global commodity markets ended 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic.

South Korea's exports expanded at their fastest pace in 26 months in December, on robust chip demand and improved global demand, providing additional signals that the recovery is on track despite resurgences in the novel coronavirus.

The benchmark S&P 500 and the techheavy Nasdaq were set to end a year ravaged by the COVID19 pandemic with strong gains, thanks to unprecedented stimulus and vaccine rollouts that have boosted hopes of an economy recovery.

The contraction was mainly due to decline in production of natural gas, refinery products, steel and cement.

The United Kingdom exits the European Union's orbit on Thursday, turning its back on a tempestuous 48year liaison with the European project for an uncertain Brexit future that will shape the fortunes of its people for generations to come.