LONDON, Oct 13 —European shares fell today as worries over the coronavirus pandemic overshadowed Chinese trade data that pointed to a buoyant recovery, while the US dollar edged away from a three-week low. The broader Euro STOXX 600 fell 0.4 per cent in early trading, with bourses in Frankfurt,...
The broader Euro STOXX 600 fell 0.4 per cent in early trading, with bourses in Frankfurt, London and Paris all down by a similar margin. — Reuters pic
Keeping markets on edge, traders said, was news that Johnson & Johnson was pausing its Covid-19 vaccine candidate clinical trials because of an unexplained illness in a study participant. The data, which suggests Chinese exporters are recovering briskly from the pandemic’s hit to overseas orders, helped MSCI’s broadest index of Asia-Pacific shares outside Japan gain 0.1 per cent after earlier falling into negative territory.
Wall Street gains were driven by Apple Inc, which surged 6.4 per cent ahead of the expected debut of its latest iPhone. Amazon, another of the Big Tech winners from the pandemic, rallied 4.8 per cent ahead of a major marketing event.Investors are increasingly expectant of a victory for Democratic candidate Joe Biden in the US Presidential election next month. That would likely herald a big stimulus package to help the coronavirus-battered US economy.
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