Wed, 12 Aug 2020

Global markets quiet as U.S. takes holiday, dollar mixed

Lola Evans
04 Jul 2020, 09:46 GMT+10

LONDON, UK - It was a quiet day on world markets on Friday with U.S. markets closed ahead of the July 4 holiday weekend.

Trading was cautious due to the continued uncertainty of the direction of the coronavirus which appears to be surging still in many parts of the world. The total number of cases registered globally climbed above 11 million on Friday.

"I think infection rates and fears of localised lockdowns have doused some of the enthusiasm," Societe Generale strategist Kit Jukes told Reuters Thomson on Friday.

"We have three elements now; vaccine hopes, decent data in most places - but also the return of infection rates, which can make you nervous."

In London on Friday, the FTSE 100 ended the day 1.33% lower.

The German Dax slid 0.64%, while, in Paris, France the CAC 40 shed 0.84%.

On Asian markets, the Hang Seng in Hong Kong was ahead 227.71 points or 0.91% at 25,351.90.

China's Shanghai Composite gained 62.24 points or 2.01% to 3,152.81.

The Australian All Ordinaries climbed 21.40 points or 0.35% to 6,163.70.

In Tokyo, the Nikkei 225 advanced 160.52 points or 0.72% to 22,306.48.

Foreign exchange markets were mixed. The euro was reasonably well bid at 1.1248 late in the London session on Friday.

The British pound was stronger at 1.2482. The Japanese yen was little changed at 107.51.

The Swiss franc strengthened to 0.9446.

The Canadian dollar rose to 1.3548. The Australian dollar appreciated to 0.6942, while the New Zealand dollar rose to 0.6535.

More Europe News

Access More

Sign up for Europe News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!