Asian stocks stumbled on
Wednesday, as more disappointing Chinese economic data and the
absence of meaningful stimulus from Beijing continued to weigh
on investor sentiment. Europe is. -Today at 02:16 am- MarketScreener
2-MIN READ
Equities Dip, Oil Slides As Global Risk Rally Stalls
Global equity benchmarks slipped from record highs and oil prices dipped Friday as weaker economic data in Japan and Europe and concerns that newlyinaugurated U.S. President Joe Biden s stimulus plan may face Republican opposition curbed a weeklong rally in risk assets.
FOLLOW US ON:
NEW YORK: Global equity benchmarks slipped from record highs and oil prices dipped Friday as weaker economic data in Japan and Europe and concerns that newly-inaugurated U.S. President Joe Biden’s stimulus plan may face Republican opposition curbed a weeklong rally in risk assets.
4 Min Read
NEW YORK (Reuters) - A gauge of stocks across the world slipped from record highs on Friday and the dollar edged up against a basket of peers as weak economic data and underwhelming earnings drove investors to reverse some recent risky bets.
FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo
Oil prices fell to end the week little changed and the dollar index posted its largest weekly drop in five weeks.
Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines, respectively, after underwhelming earnings.
World stock markets racked up record highs on Thursday and the dollar slipped as investors bet major stimulus from new U.S. President Joe Biden and unswerving global central bank support would.