Stocks register slip as markets await US stimulus package
LONDON (UK) – As investors awaited an agreement on a US stimulus package stocks slipped on Thursday. The greenback slid to a two-year low amid fears that recovery in the world’s largest economy was trailing others.
Frankfurt gained 0.2% as investors received a fresh batch of corporate earnings reports.
Euro STOXX 600 dipped 0.2% after opening in the black. London’s lost 1.3% as the pound climbed to a five-month high. This comes after the Bank of England kept interest rates steady.
Siemens registered a climb of 2.9% as its CEO said it was seeing an improvement in its business climate in China.
The MSCI world equity index, monitoring shares in 49 countries, registered a narrow slip into the red.
Asia reflected the mood in Europe with stocks outside Japan rising to a six-and-a-half month peak before shedding some of those gains.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field