url2: http://newsformal.com/ng/news-17455336Global stocks mixed but Brexit hopes boost Euro, Pound | Malay Mail | Nigeria
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Global stocks mixed but Brexit hopes boost Euro, Pound | Malay Mail

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NEW YORK, Dec 15 ― Global stock markets were mixed yesterday as the start of the Covid-19 vaccine roll-out in the United States offered some respite to investors, but spikes in infection and death rates tempered optimism. Currency markets were dominated by news that London and Brussels had agreed...

In currencies, Sterling was the day's big mover, gaining on both the euro and the dollar as what last week had appeared to be evaporating prospects of a Brexit agreement came back to life. — Reuters pic

However, some traders noted that optimism about the vaccine had already been factored in, limiting upside for investors. The Dow Jones Industrial Average, after a sharp climb in early trading, fell 184.82 points, or 0.62 per cent, to close at 29,861.55. The S&P 500 lost 15.97 points, or 0.44 per cent, to 3,647.49 and the Nasdaq Composite added 62.17 points, or 0.5 per cent, to 12,440.04.

The pound was last trading at US$1.3321, up 0.73 per cent on the day after earlier climbing 1.2 per cent to US$1.3423. The euro was last up 0.30 per cent, at US$1.2147. “The risk is then if the Fed does unveil a surprise twist at this meeting, then Treasuries could rally and the USD could fall,” said Tapas Strickland, a director of economics at NAB.

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Pound rises on Brexit talks extension, stocks mixed | Malay MailHONG KONG, Dec 14 — Sterling rallied today after Britain and the European Union agreed to extend talks on a post-Brexit trade deal past a self-imposed deadline, while Asian markets were mixed as surging coronavirus infections tempered vaccine optimism. Prime Minister Boris Johnson and EU chief...
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