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Gulf Today Report
European stocks ended the week with a fall on the prospects of tighter lockdowns in Germany and France and surge in cases in China.
The pan-European STOXX 600 index fell 0.5% set to end the week marginally lower.
German Chancellor Angela Merkel wants "very fast action" after the country saw a record number of deaths from the coronavirus, while French government said it will strengthen its border controls from Monday and impose an earlier curfew from Saturday to curb the spread.
The German DAX declined by 0.5%, France's CAC 40 fell 0.6% and the UK's FTSE 100 was down 0.6%.
Asian shares slumped on Friday after a terrible US jobs report and a slide in several Big Tech stocks.
Japan's Nikkei 225 slipped 0.6% to 28,518.65 and the Hang Seng in Hong Konglost 0.3% to 28,405.72. In Australia, the S&P/ASX 200 was flat at 6,715.40. South Korea's Kospi skidded 1.8% to 3,093.29, while the Shanghai Composite index shed 0.6% to 3,543.64.
Markets have been advancing following optimism of a recovering economy due to the coronavirus vaccine.
The new US stimulus plan is expected to temporarily boost unemployment benefits, the plan includes $1,400 checks for individuals.
Investors are hoping that more government stimulus can tide the economy over until COVID-19 vaccines get daily life back toward normal and trigger a powerful recovery later this year.
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, on Wall Street, the Dow slumped 1.16%.
The pan-European STOXX 600 index rose 0.4% and was on track for a marginal weekly gain after signs of progress on COVID-19 vaccine pushed the index to February highs earlier this week.
Benchmarks in Shanghai, Hong Kong and Sydney declined while Tokyo and Seoul rose. While in Europe, the pan-European STOXX 600 dipped 0.1%,
Victorya Matevossian disclosed that Dubai is one of the safest destinations for travellers in world, adding that around 70% of Armenian tourists have travelled to the ‘City of Wonders’ during the COVID-19 pandemic.
Dr Sultan Bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, met with Sung Yun-mo, Minister of Trade, Industry and Energy of the Republic of Korea
Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec ministers and their allies about the future of supply cuts.