Europe: Stocks flat as US-China woes weigh, but post weekly gain

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

[BENGALURU] European shares closed unchanged on Friday although rising US-China tensions hit Asia-exposed banks and luxury stocks, while hopes of a global recovery kept weekly gains intact for the main indexes. Read more at The Business Times.

"The US has ratcheted up pressure on China on several fronts and has sapped risk appetite ahead of the weekend," said Marc Chandler, managing director at Bannockburn Global Forex.

Cyclical sectors such as miners, travel & leisure and automakers have outperformed this week, helping the Stoxx 600 post its best week since April 10 on hopes that easing of coronavirus-driven lockdowns will spur a swifter economic recovery.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 15. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Europe: Stocks hit by US-China tensions, recovery doubt[BENGALURU] European shares fell on Thursday, as signs of worsening US-China relations added to concerns over the pace of recovery from the coronavirus-led economic downturn. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Asia stocks skid as Hong Kong returns as US-China flashpoint; STI falls 2.3%TOKYO (REUTERS) - Asia shares tumbled on Friday (May 22) as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating US-China relations, following Beijing's moves to impose a new security law on the city.. Read more at straitstimes.com.
La source: The Straits Times - 🏆 8. / 63 Lire la suite »