schema:articleBody
| - European stock markets slid Friday at the end of another volatile week for investors who tracked US lawmakers' failure to agree on a new stimulus deal and surging virus infections that are prompting fresh containment measures. Europe's indices retreated following a steadier showing in Asia. As trading began in New York, the Dow Jones index showed a slight loss of 0.1 percent. The dollar climbed against its main rivals, while oil prices dropped. "The same old issues are holding these markets back, considerably economic and political uncertainty - particularly in the US - worring Covid trends in Europe and a lack of new fiscal and monetary support measures in Washington," Oanda analyst Craig Erlam commented. "Sentiment is fragile, and it's been a turbulent week," noted Neil Wilson, chief market analyst at Markets.com. The need for a new stimulus deal was again highlighted by data that showed US jobless claims rising rather than falling last week as the recovery in the world's top economy stumbles ahead of a fraught presidential election. Aneta Markowska at Jefferies LLC said it was "a close call" on whether a new stimulus would be agreed, adding: "While still possible, there is a high risk that it does not happen this year. Without it, we would expect the economy to hit a major speed bump in the fourth quarter." A surge in coronavirus infections in several countries has resulted in governments imposing partial lockdowns and social distancing measures, along with earlier closing times for bars and restaurants. The moves have sparked concerns of another painful hit to the economy. "At this point in the recovery, a return to the Covid-19 abyss due to stricter lockdown measures is quite frankly something the global economy cannot afford," said Stephen Innes at AxiCorp. London - FTSE 100: DOWN 0.2 percent at 5,810.92 points Frankfurt - DAX 30: DOWN 1.7 percent at 12,391.33 Paris - CAC 40: DOWN 1.4 percent at 4,695.06 EURO STOXX 50: DOWN 1.4 percent at 3,115.30 New York - Dow Jones: DOWN 0.1 percent at 26,790.40 Tokyo - Nikkei 225: UP 0.5 percent at 23,204.62 (close) Hong Kong - Hang Seng: DOWN 0.3 percent at 23,235.42 (close) Shanghai - Composite: DOWN 0.1 percent at 3,219.42 (close) Euro/dollar: DOWN at $1.1636 from $1.1667 at 2100 GMT Pound/dollar: DOWN at $1.2725 from $1.2743 Dollar/yen: UP at 105.59 yen from 105.41 yen Euro/pound: DOWN at 91.44 pence from 91.54 pence West Texas Intermediate: DOWN 0.7 percent at $40.01 per barrel Brent North Sea crude: DOWN 0.6 percent at $41.70 per barrel dan-bcp/rfj/wai/cdw
|