WATCH: Broncos’ Shelby Harris blocks Titans’ field-goal attempt before halftime – The Denver Post

Hong Kong Will Launch New Round of Virus Stimulus Measures

Hong Kong will launch a new round of its virus relief fund, as the city’s economy continues to suffer from a recession that was prompted by pro-democracy protests and worsened throughout the global pandemic.

The city will provide more information about another round of stimulus spending at a press conference on Tuesday afternoon, Chief Executive Carrie Lam said at a weekly briefing before a meeting of her advisory Executive Council.

The fresh funding would add to nearly HK$290 billion ($37 billion) in direct Covid-19-related relief measures since the pandemic began, including cash handouts, tax relief, industry subsidies and funding for hospitals and other virus control measures.

Hong Kong’s economy has been battered by repeated setbacks over the past year from the U.S.-China trade war and anti-government protests. The virus has only furtherdevastated the city’s tourism,retail, food and beverage and hospitality sectors. In mid-August, the governmentrevised its 2020 economic forecast to a record low range of -6% to -8%.

Sensex jumps in early trade; Nifty tests 11,500

Domestic equities opened on a positive note tracking firm cues from global markets and sustained foreign fund inflow, traders said.

Domestic equity benchmark Sensex jumped over 200 points in early trade on Tuesday tracking gains in index majors HDFC twins, ICICI Bank and Reliance Industries amid positive global cues and sustained foreign fund inflow.

The 30-share BSE index was trading 212.87 points or 0.55% higher at 38,969.50; while the NSE Nifty rose 60.30 points or 0.53% to 11,500.35.

Titan was the top gainer in the Sensex pack, rising around 2%, followed by Sun Pharma, HDFC, ICICI Bank, Bajaj Finance, NTPC, HDFC Bank and M&M.

On the other hand, Tech Mahindra, HCL Tech, Kotak Bank, ITC and Bharti Airtel were among the laggards.

In the previous session, Sensex ended 97.92 points or 0.25% lower at 38,756.63, while the Nifty slipped 24.40 points or 0.21% to close at 11,440.05.

Exchange data showed that foreign institutional investors bought equities worth ₹298.22 crore on a net basis on Monday.

Domestic equities opened on a positive note tracking firm cues from global markets and sustained foreign fund inflow, traders said.

Bourses in Shanghai, Hong Kong and Seoul were trading with gains in mid-day deals.

Stock exchanges on Wall Street ended significantly higher in overnight trade.

Meanwhile, global oil benchmark Brent crude was trading 0.10 per cent lower at $39.57 per barrel.

WATCH: Broncos’ Drew Lock connects with TD pass Noah Fant against Titans – The Denver Post

Drew Lock and Noah Fant were two of the Broncos’ first three picks in the 2019 draft. They combined for Denver’s first score on Monday night.

Lock connected with Fant for a 9-yard touchdown late in the first quarter against the Tennessee Titans.

The score gave Denver a 7-0 lead.

Titans linebacker Rashaan Evans ejected for throwing punch at Broncos’ Jake Butt – The Denver Post

Tennessee Titans linebacker Rashaan Evans was ejected Monday night after throwing a punch at Denver Broncos tight end Jake Butt late in the first quarter.

Butt and Evans were tied up on a run by Phillip Lindsay. After the play was over, Evans swung at Butt with his right hand and hit him in the helmet.

The loss of Evans was a big blow to the Titans’ defense. Evans led the team with 139 tackles last season. He also had 11 tackles for loss.

Tennessee was already thin at linebacker with Vic Beasley Jr. and Derick Roberson both out with knee injuries.

Eurozone GDP Falls Less Than Estimated In Q2

The euro area economy contracted less than initially estimated in the second quarter but the pace of decline was the most since the records began in 1995 due to the coronavirus containment measures adopted by the member countries, revised data from Eurostat revealed Tuesday.

Gross domestic product fell by a record 11.8 percent sequentially but this was revised down from -12.1 percent estimated initially. GDP had contracted 3.7 percent in the first quarter.

The annual decline in GDP was revised to 14.7 percent from 15 percent. Nonetheless, this was the biggest fall since the series began in 1995 and followed a 3.2 percent drop in the first quarter of 2020.

On the expenditure-side, household spending plunged 12.4 percent on quarter following a 4.5 percent drop in the first quarter. Government spending decreased moderately by 2.6 percent, faster than the 0.7 percent fall in the previous quarter.

The decline in gross fixed capital formation deepened to 17 percent from 5.2 percent.

Likewise, exports were down 18.8 percent, which was bigger than the first quarter’s 3.9 percent fall. Imports decreased 18 percent compared to a 3.2 percent drop a quarter ago.

Further, data showed that the number of employed persons decreased by a record 2.9 percent sequentially versus a 0.3 percent drop in the first quarter. The second quarter rate was revised from -2.8 percent.

Year-on-year, employment fell 3.1 percent in the second quarter, in contrast to a 0.4 percent rise in the first quarter. The flash estimate was -2.9 percent.

WATCH: Broncos’ Shelby Harris blocks Titans’ field-goal attempt before halftime – The Denver Post

Just Shelby Harris doing Shelby Harris things.

The Broncos defensive tackle came up big Monday, blocking a field-goal attempt by Titans kicker Stephen Gostkowski late in the second quarter to preserve a 7-7 score.