London — World stocks remained on course for their best month ever on Friday as recent vaccine progress, Joe Biden’s US presidential election win, hopes for further stimulus, a commodity surge and a weak dollar all lifted spirits.
London’s FTSE was fractionally lower with some last-minute Brexit nerves, but with Wall Street pointing to a post-Thanksgiving rise, MSCI’s main world index was readying for another all-time high. But shares in China still rose 0.1% after data there showed industrial profits surged at the fastest pace since early 2017. South Korean stocks and Japan’s Nikkei both rose 0.3% too, albeit in choppy trade.
“With global [coronavirus] case numbers having now topped 60-million ... there is certainly some rough terrain ahead for the global recovery, and that can create economic scarring,” analysts at ANZ Bank wrote in a memo.US hospitalisations for Covid-19 are at a record and experts warn that Thanksgiving gatherings could lead to further infections and deaths.
German 10-year bund yields traded near two-week lows on Friday, while Portugal’s 10-year government bond yields touched zero for the first time. “Surely euro-dollar can’t break through $1.20 without good news on the [Brexit] trade deal,” Société Générale’s Juckes added.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
World stocks hit record high on vaccines, Brexit deal and stimulus hopesAll eyes on the Federal Reserve meeting for hints that it will extend its stimulus programme
Källa: BDliveSA - 🏆 12. / 63 Läs mer »