World shares are up as resurgent Covid-19 sees dollar in demand
The MSCI world and European indices were up while currency markets indicated increased risk appetite
28 September 2020 - 11:40
London — European shares opened higher on Monday after strong economic data from China helped lift sentiment in the Asian session, but the dollar was in demand with investors cautious over increasing Covid-19 cases and upcoming US elections.
Equities fell sharply last week and the dollar surged to two-month highs as a resurgence of coronavirus infections in Europe and caution ahead of the US presidential elections in November caused investors to re-evaluate their expectations for a global economic recovery...
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