Forums » News and Announcements
Stocks Drop With Economy Worries; Dollar Slips: Markets Wrap
-
Stocks in Asia followed U.S. equities lower after an unexpected rise in American jobless claims rekindled concern a recovery in the world‘s largest economy has stalled. The dollar extended this week’s slide.To get more news about Binary option, you can visit wikifx news official website.
The first uptick in jobless claims since March comes as Congress negotiates a new relief package for millions of Americans who are set to lose enhanced benefits at the end of the month. Other worrying signs of the U.S. economy slowing added to concern that the growth in some areas will peter out.
“You have people taking the opportunity to get a little bit off the table,” Victoria Fernandez, chief market strategist at Crossmark Global Investments Inc., said on Bloomberg TV. “With initial claims moving higher this week, we need to keep an eye on the reopening plans across the country.”
Elsewhere, the yield on Italy‘s benchmark bonds fell below 1% for the first time since March amid euphoria over the Europe Union’s pandemic recovery package. Japan remains closed for a holiday Friday.