Global shares slip off record highs as gloom over recovery kicks in
Pandemic lockdowns around the world, especially in China, are curbing the rally after Joe Biden’s inauguration
22 January 2021 - 13:28
London/Sydney — Global shares slipped off record highs on Friday as gloomy data reminded investors of the struggles facing the economic recovery, curbing a rally fueled by hopes of US stimulus by newly inaugurated US President Joe Biden.
Sentiment in Europe was already more cautious after Thursday’s European Central Bank (ECB) meeting, in which the bank’s message was perceived as more hawkish than expected. The yield on Italian 10-year benchmark bonds touched its highest since early November on reports that Prime Minister Giuseppe Conte may be tempted by the prospect of a snap election...
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