Morning Update: As India grapples with oxygen shortage, community groups crowdsource resources

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India faces an urgent shortage of oxygen, medical supplies and ICU beds; meanwhile, Canada’s ban on direct passenger flights from India and Pakistan has left citizens of all three countries scrambling

on Monday as world markets began the week in a relatively upbeat mood following further signs last week that economies are recovering. Just before 6 a.m. ET, Britain’s FTSE 100 was flat. Germany’s DAX and France’s CAC 40 edged up 0.06 per cent and 0.22 per cent, respectively. In Asia, Japan’s Nikkei closed up 0.36 per cent. Hong Kong’s Hang Seng fell 0.43 per cent. New York futures were little changed. The Canadian dollar was trading at 80.27 US cents.

Looking for investing ideas? Check out The Globe’s weekly digest of the latest insights and analysis from the pros, stock tips, portfolio strategies and what investors need to know for the week ahead.WHAT EVERYONE’S TALKING ABOUT: “As I slip each shot into each arm, I am aware of being in the calm centre of an out-of-control COVID-19 storm. Outside, daily case counts soar. ICUs are bursting. Hospitals overflow into tents.

 

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