World stocks slip as safe-haven dollar is set for a weekly gain
Asian equities are likely to drop for the week and European stocks dropped 1.5% with vaccine tensions in Europe mounting
29 January 2021 - 12:16
London — European stocks and US stock futures fell on Friday and the safe-haven dollar looked set for a weekly gain as a Wall Street battle between hedge funds and retail investors, and a row in Europe over Covid-19 vaccine supply, cooled risk appetite.
Wall Street has been gripped by a co-ordinated assault by small traders organising over online forums, such as Reddit, to force hedge funds to reverse short positions — or bets that stocks would fall — on companies such as GameStop and AMC Entertainment...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.