By Suzanne Barlyn
NEW YORK (Reuters) - Asian markets were off to a mixed start on Thursday as hopes of U.S. fiscal stimulus before the presidential election faded and a record number of new coronavirus infections in parts of Europe propelled investors toward safe-havens such as gold.
Downbeat comments from U.S. Treasury Secretary Steven Mnuchin that a stimulus deal was unlikely be made before the Nov. 3 vote weighed on fragile investor sentiment.
With COVID-19 cases surging, some European nations are closing schools as authorities braced for a repeat of the nightmare scenario seen earlier this year.
In a mixed Asian open, Australian equities bucked Wall Street declines, opening slightly higher because of "good support" for material and mining stocks, said Michael McCarthy, CMC Markets chief market strategist.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) slipped 0.1%.
Australia's S&P/ASX 200 (AXJO) rose 0.6%, while Japan's Nikkei 225 (N225) fell 0.3%. Hong Kong's Hang Seng index futures (HSI) <.HSIc1> were down 0.49%.
E-mini futures for the S&P 500
On Wall Street, the Dow Jones Industrial Average (DJI) fell 0.58%, the S&P 500 (SPX) lost 0.66% and the Nasdaq Composite (IXIC) dropped 0.8%.
Bank of America (N:BAC) fell 5.3% and Wells Fargo (N:WFC), both U.S. banks, tumbled 6% after a disappointing quarterly results.
Gold gained 1% on Wednesday, rebounding from a sharp decline in the previous session, boosted by a weaker U.S. dollar and economic uncertainties.
The Australian dollar
E-mini futures for the S&P 500
Australia is set to release September unemployment data on Thursday.
Tensions between Beijing and Washington remain in view as the U.S. State Department has submitted a proposal for the Trump administration to add China's Ant Group
Investors are also tracking Brexit talks, as the deadline for a pact on the European Union's relations with Britain nears. EU leaders meeting on Thursday and Friday will tell their Brexit negotiator Michel Barnier to step up talks to get a deal by Jan. 1, 2021.
The U.S. dollar index (=USD), which measures the greenback against a basket of six major currencies, fell 0.15%, after pulling its best day in three weeks on Tuesday, with the euro (EUR=) unchanged at $1.1746.
In a sign that some investors preferred traditionally safer assets for now, the yen
A weaker dollar, which makes oil cheaper for holders of other currencies, supported oil prices.
Brent crude (LCOc1) gained 92 cents, or 2.2%, to $43.37 a barrel, while U.S. West Texas Intermediate (CLc1) added 87 cents, or 2.2%, to $41.0.