The German DAX reversed early gains to trade 0.5 per cent lower after Purchasing Managers Index surveys showed service sector activity unexpectedly came to a near standstill in August, although factory activity rebounded further. — Reuters pic
Paris-listed shares fell 0.3 per cent after a worse showing from the French survey, while euro zone blue chips were down 0.4 per cent. The STOXX 600 recorded a 0.9 per cent loss for the week, with growth-linked cyclical sectors such as banks, oil & gas firms and automakers hit hard as several European countries saw a resurgence in coronavirus cases that raised fears of more restrictions on business activity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech stocks defy downbeat data as dollar, global equities retreat | Malay MailNEW YORK, Aug 21 — The dollar eased and global equity markets fell yesterday, even as the tech-heavy NASDAQ index touched a record high and looked past the growing signs of prolonged economic weakness. Gold also rose in a sign of safe-haven buying. Economic concerns weighed on equities earlier in...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks set to rise after Wall Street tech-driven rally | Malay MailNEW YORK, Aug 21 — Asian equities were poised to rise today after a tech-driven rally on Wall Street in which the Nasdaq hit a record high despite downbeat data that affirmed the Fed’s dour outlook on US economic recovery. Markets had opened lower after data showed an unexpected rise of more...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong stocks finish sharply higher | Malay MailHONG KONG, Aug 21 — Hong Kong stocks finished the week on a strong note today, in line with an advance across Asian bourses on hopes for a virus vaccine. The Hang Seng Index rose 1.30 per cent, or 322.45 points, to 25,113.84. The benchmark Shanghai Composite Index added 0.50 per cent, or 16.78...
Source: malaymail - 🏆 1. / 86 Read more »