Global shares slightly up but Europe falls, as US dithers
US-China tension flares; poor European earnings weigh on its bourses; and the US has yet to agree a new Covid-19 unemployment benefit
04 August 2020 - 12:09
London — European shares fell after opening higher, following a mixed bag of earnings results, while the dollar’s rebound stalled as investors waited for progress in talks on government aid in the US.
Strong US manufacturing data boosted sentiment through the Asian session, even as China-US relations took a turn for the worst. An industry gauge released overnight indicated US manufacturing activity expanded in July at the fastest pace in more than a year, though hiring remained subdued...
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