Meanwhile, the European Central Bank after providing more stimulus to help eurozone members withstand the impact of the coronavirus pandemic.
Sterling slid against the euro and dollar after British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to find common ground in crunch talks on Wednesday, December 9. The central bank boosted its main virus-fighting tool, the pandemic emergency bond-buying program , by 500 billion euros to 1.85 trillion euros and extended the scheme from June 2021 to March 2022.Wall Street stocks finished mixed followingin a sign the latest spike in coronavirus cases is weighing on activity.
But home-sharing platform Airbnb more than doubled its initial public offering price to finish at $144.71. The company raised $3.4 billion in the stock offering amid a feverish rush for new shares in companies adapting to lifestyle changes imposed by the coronavirus pandemic.Back in Europe, after 8 months of negotiations and with just 3 weeks until a deadline on reaching a post-Brexit deal, Brussels and London remained stuck on various issues including fishing rights and rules for fair trade.
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