World stocks spluttered to their lowest level in over a week today. — Reuters pic
The governors of New York, New Jersey and Connecticut ordered travellers from eight other states to quarantine on arrival, a worry for investors who had mostly been expecting an end to pandemic restrictions. Wall Street S&P 500 futures had also buckled below a key technical level known as the 200-day moving average, leaving investors huddling in traditionally safer government bonds and gold.
In the currency markets, the dollar clung on to broad gains which had lifted it from near a two-week low. Bank of England chief economist Andy Haldane is due to speak about the future of society at 1700 GMT. Haldane argued against last week’s increase to the bank’s bond-buying programme. The pound was up for a third day in four before that.The United States has added items valued at US$3.1 billion to a list of European goods eligible to be hit with import duties.
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