Shoppers walk on Qianmen street featuring new year decorations in front of the Zhengyangmen gate in Beijing on Friday. Agence France-Presse
European and Asian stocks unravelled Friday, resuming a midweek slump, with investors spooked by a ratcheting up of trade war clouds after US President Donald Trump announced tariffs on all Mexican imports.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index dropped 0.5 per cent by 0855 GMT to hit 7-month lows.
It was a stark warning about the risks ahead for the global economy, even by the forthright standards of the boss of the Organisation for Economic Co-operation and Development (OECD).
World shares climbed to a six-week high alongside benchmark government bond yields on Friday, as markets cheered signs of progress in US-China trade talks and another powerful slug of stimulus from the European Central Bank.
World shares rose to just below record peaks on Tuesday after factory surveys boosted expectations of a recovery from the COVID-19 downturn, with drugmakers seeking fast approval for vaccines and authorities looking
The UAE has become a symbol of prosperity and achievements in the past 49 years. Today the adorable country is celebrating its 49th National Day. Sheikha Hind Bint Majid Al Qasimi, Chairperson of Sharjah Business Women
The 49th National Day is a glorious occasion that makes everyone living in the UAE feel proud of the country’s achievements. Wesam Lootah, CEO of the Smart Dubai Government Establishment, told Gulf Today