European stock markets slipped Friday at the end of another volatile week for investors, closely following the failure of U.S. lawmakers to secure a new stimulus deal and the surge in viral infections prompting further containment measures .
European indices fell after a better performance in Asia and Thursday on Wall Street.
The dollar rose against its main rivals, as oil prices fell.
“Some positive headlines around a US stimulus deal and vaccine news may support the risk today, but sentiment is shaky and it’s been an eventful week,” noted Neil Wilson, chief market analyst at Markets.com.
The need for a new stimulus deal was once again highlighted by the data – this time showing that jobless claims in the United States outnumbered expected last week as the recovery in the The world’s largest economy stutters due to a resumption of new cases of the virus.
Jefferies LLC’s Aneta Markowska said it was “a close call” on whether a new stimulus would be agreed, adding:
“While it is always possible, there is a high risk that it will not happen this year. Without it, we would expect the economy to experience a major slowdown in the fourth quarter.”
It comes amid a surge in coronavirus infections in several countries that have seen governments impose partial lockdowns and social distancing measures, and shorten the opening hours of bars and restaurants.
These moves have raised concerns about another blow to the economy.
“At this point in the recovery, a return to the abyss of Covid-19 due to tighter lockdowns is frankly something the global economy cannot afford,” said Stephen Innes at AxiCorp.
– Key figures around 1100 GMT –
London – FTSE 100: Down 0.7% to 5,783.46 points
Frankfurt – DAX 30: down 1.9% to 12,366.53
Paris – CAC 40: – 1.8% to 4675.22
EURO STOXX 50: down 1.8% to 3,103.84
Tokyo – Nikkei 225: + 0.5% to 23,204.62 (close)
Hong Kong – Hang Seng: Down 0.3% to 23,235.42 (close)
Shanghai – Composite: down 0.1% to 3,219.42 (close)
New York – Dow Jones: + 0.2% to 26,815.44 (close)
Euro / dollar: DOWN to $ 1.1652 from $ 1.1667 at 9:00 p.m. GMT
Pound / dollar: LOW at $ 1.2717 from $ 1.2743
Dollar / yen: UP to 105.44 yen against 105.41 yen
Euro / pound: UP to 91.61 pence from 91.54 pence
West Texas Intermediate: DROP 1.2% to $ 39.81 per barrel
North Sea Brent: Down 0.9% to $ 41.57 a Barrel
dan-bcp / rfj / wai