Stocks fall further after Trump's China tariff threat

LONDON: World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump's threat to impose new tariffs on China over the coronavirus crisis.

British Airways operator IAG shed another 2.6per cent as details of its plans to cut staffing, including a quarter of its pilots, to weather the collapse in air travel caused by the coronavirus.In Asia, with many markets closed, the benchmark Nikkei index fell 2.8per cent, with declines led by chipmaking firms. Australian shares fell 5per cent, their most in five weeks.

The U.S. Federal Reserve widened a key program to help the economy, agreeing to lend to even larger firms, bringing the dollar under some selling pressure. The currency, which has so far been remarkably resilient, fell to two-week lows and is set for a 2per cent weekly loss. It has steadied somewhat this morning, however.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

US stocks finish strong April on weak noteNEW YORK (AFP) - Wall Street stocks fell on Thursday (April 30) following another round of poor economic data, bringing a lacklustre conclusion to an April rebound that constituted the market's best month in decades.. Read more at straitstimes.com.
출처: The Straits Times - 🏆 8. / 63 더 많은 것을 읽으십시오 »

Europe: Stocks jump at open on virus treatment hope[LONDON] Europe's major equity indices rallied at the open on Thursday, as global investor sentiment was boosted by news of a possible breakthrough in testing for a coronavirus treatment. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »