Virus, stimulus angst hit world stocks; dollar shines | Malay Mail

A trader stands outside the New York Stock Exchange in the financial district of New York September 9, 2020. — Reuters pic

Uncertainty over a stimulus package was compounded by data that suggested more government aid is needed to shore up growth, especially in the face of a spike in Covid-19 cases in Europe.The run of negative news dragged on European shares, which had their worst day in 3-1/2 weeks. “Virus restrictions across Europe continue to sour sentiment,” wrote Win Thin and Ilan Solot, currency strategists at BBH Global Currency Strategy, adding that a US fiscal stimulus package is “deader than Elvis.”

London’s FTSE 100 fell 1.7 per cent to a near two-week low as worries about the pandemic and uncertainty around a Brexit trade deal spurred investors to book profits. The move toward safety helped the US dollar, a traditional safe-haven asset. The greenback jumped 0.4 per cent against a basket of six major currencies to 93.818.

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US stocks advance cautiously at open amid earnings, virus | Malay MailNEW YORK, Oct 14 — Wall Street slowly climbed upward at the open today amid major earnings reports and continued uncertainty surrounding the coronavirus pandemic. About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. The broad-based S&P...
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