World stocks subdued as trade wars and Covid-19 rein in bulls
A stalemate in US stimulus talks and trade-war angst stall a global rally that has seen MSCI’s world index rise 50% since March
13 August 2020 - 12:16
London — World stocks’ return to record highs looked set to be delayed for another day on Thursday, as a stalemate in US stimulus talks, trade-war angst in both Europe and China, and the Covid-19 pandemic all reined the bulls back.
A leap from Japan’s Nikkei in Asia after Wall Street’s S&P 500 had finished just points off its record high had bolstered hopes of a breakthrough, but Europe had other ideas...
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