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Stocks dip as US stops stimulus

By Reuters | November 21st 2020 at 00:00:00 GMT +0300

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.

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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.

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