Stocks dip as US stops stimulus
Stocks & Markets
By
Reuters
| Nov 21, 2020
World financial markets stalled on Friday as news US Treasury was ending emergency loans programmes dealt a blow to economic recovery hopes.
S&P500 futures slipped 0.5 per cent while Dow futures fell 0.6 per cent, cancelling out a firmer lead from a strong Wall Street session overnight.
The dollar was slightly weaker and the 10-year Treasury yield slipped to the lowest in 10 days at 0.818 per cent.
Eurostoxx futures started almost flat while London’s FTSE futures was up 0.25 per cent.
READ MORE
Revealed: Why local companies are shutting down
The pipeline truth: How Museveni outfoxed Ruto into ceding control of KPC
Britam takes top honours at AKI Awards
Why apologies matter as much as fixes in digital business
Saccos up push to develop new digital loan products
Africa roots for strong data systems to spur development
Farmer's Choice targets women, youth in plans to grow smokie vendor base
Inside William Ruto-IMF fallout
RBA, bourse tussle over Sh2.3tr pension assets investments
Hits and misses in Kenya Pipeline IPO as State eyes more listing deals
In Asia, Japan’s Nikkei stumbled 0.5 per cent while Australian shares were flat.
Chinese shares were little changed while South Korea’s KOSPI index was a shade firmer.