London — The dollar recovered overnight losses and European stocks rose on Friday, even as coronavirus cases increased in some countries, as markets reassessed expectations for an economic recovery before a key EU meeting.
The MSCI world equity index, which tracks shares in 49 countries, edged up overnight and was up about 0.1% at 7am GMT. European stocks rose, with the Stoxx 600 up about 0.5% at 365.34. The dollar slipped overnight but recovered in early London trading and was still heading for its best week in a month. Against a basket of currencies it was at 97.415, down less than 0.1% on the day.