European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on Wednesday and new European Central Bank chief Christine Lagarde holds her first policy meeting on Thursday, which will also see a parliamentary election in Britain, with the results due on Friday.
However, at the forefront of most investors' minds is an impending Dec. 15 deadline for the United States to impose a new round of tariffs on China. On Friday that the deadline was still in place to impose a new round of tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. "If we see Donald Trump decide not to delay tariffs, that would lead to a risk-off reaction in markets,"
European shares slipped. The Euro STOXX 600 was down marginally, while the German DAX dropped 0.1 percent. France's CAC 40 shed 0.2 percent and the FTSE 100 was flat. That followed small gains in Asia, where Japan's benchmark. Nikkei added 0.33 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.15 percent.
14 Aug 2020 04:44 PM
Indian shares settled lower for a third consecutive session on Friday, dragged by financial stocks as new quarantine restrictions from Britain and weak economic data from China hurt global investor sentiment.
14 Aug 2020 02:45 PM
The Indian rupee was little changed against the dollar this week, as likely intervention by the country’s central bank countered the impact of inflows
14 Aug 2020 11:50 AM
Indian shares rose on Friday, powered by drug stocks and heavyweight Reliance Industries, as hopes of more economic relief measures to blunt the impact of the COVID-19 pandemic boosted sentiment.
14 Aug 2020 11:15 AM
The yuan eased against the dollar in thin trade on Friday, with investors avoiding huge bets on the local currency ahead of a meeting of U.S. and Chinese trade officials.
14 Aug 2020 10:50 AM
Gold fought for traction on Friday as a jump in U.S. Treasury yields forced investors to reassess their positions again after a steep retreat from a record peak earlier this week, which put bullion on course for its first weekly fall since early June
14 Aug 2020 10:34 AM
The Indian rupee was at 74.82/74.83, against 74.84/74.85 in the previous session