World stocks slip as safe-haven dollar is set for a weekly gain

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Ireland News News

Asian equities are likely to drop for the week and European stocks dropped 1.5% with vaccine tensions in Europe mounting

London — European stocks and US stock futures fell on Friday and the safe-haven dollar looked set for a weekly gain as a Wall Street battle between hedge funds and retail investors, and a row in Europe over Covid-19 vaccine supply, cooled risk appetite.

“The GameStop saga will end, leaving a sour taste in policymakers’ mouths,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “The story could be a trigger for action that could [make] governments and central banks revise their ultra-loose policies that throw liquidity in the middle, and not towards a reasonable target.”

S&P 500 futures fell 1.5% and Nasdaq 100 futures fell 1.8%, more than reversing gains made on Thursday as the earnings season got off to a strong start. Britain’s former vaccine chief Kate Bingham said on Friday she did not believe the EU would block exports. The dollar rose to a seven-week high against the yen, and gained 0.2% against an index of currencies, bringing its weekly rise to 0.6%. The euro fell 0.12% and the pound dropped 0.3%.World stocks fell 0.5% towards three-week lows set in the previous session.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Get a trusted Bitcoin expert and stick to hes Marksust7 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

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:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines