A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London. Reuters/File
Stock markets on both sides of the Atlantic rose on Friday, hailing US jobs data that confounded expectations, showing the lowest unemployment rate in half a century.
Stock markets rose on Tuesday to new six-month highs after reassuring data about the health of China›s economy and economic sentiment in Germany helped investors brush aside disappointing bank earnings. The latest leg higher in a three-month long global rally comes as a degree of calm has descended across financial markets,
LONDON: London Stock Exchange (LSE), on Thursday welcomed the UAE-based Finablr, a global payments and foreign exchange company, to open its London’s markets for trading and to celebrate the listing of the company’s shares on the Premium Segment of the Main Market of London Stock Exchange.
Global shares stumbled on Friday as hopes of a fiscal boost from a $1.9 trillion US stimulus plan were smothered by the prospect of stricter lockdowns in France and Germany and a resurgence of COVID-19 cases in China.
The Italian government has approved a new stimulus package worth 32 billion euros ($38.8 billion) to prop up the battered economy, pushing this year’s budget deficit significantly higher than previously planned.
Pakistan and Bangladesh are rationing gas and buyers across South Asia are seeking alternative fuels after spot liquefied natural gas (LNG) prices surged to record highs, government and industry officials told Reuters.