Uncertainty over US stimulus takes toll on global stocks
But the US tech sector has scaled record highs, and last week Apple became the world’s most valuable company
03 August 2020 - 11:56
London — World stocks began August cautiously as US legislators struggled to agree to a new stimulus plan following a global surge of Covid-19 cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
European stocks opened slightly higher on Monday following mixed moves in Asia. The pan-European Stoxx 600 index rose 0.6%, helped by a rise in technology stocks, but gains were capped by poor earnings updates from big banks...
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