Oil at near nine-month high while indices stay flat
Asian shares fell earlier after reports that the US was set to add dozens of Chinese firms, including the top chipmaker SMIC, to a trade blacklist later in the day
18 December 2020 - 17:32
New York — Global equity benchmarks struggled for direction while oil prices rallied near nine-month highs on Friday, as investors weighed hopes for a US coronavirus relief package against moves by the US government to add dozens of Chinese companies to a trade blacklist.
The Democratic-controlled House of Representatives continues to negotiate with the Republican-led Senate on a $900bn piece of legislation to support the economy during a pandemic that has killed nearly 309,000 Americans...
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