Markets mostly slip as inflation fears top recovery hopes more words please

article author: 
Fri, 2021-02-19 01:56

LONDON: Asian and European stocks mostly fell Thursday on profit-taking and growing inflation worries, which overshadowed optimism about the expected strong economic recovery, the easing coronavirus crisis and US stimulus hopes.

Oil however barrelled upwards to 13-month highs as the severe cold snap in the US hammers production, trumping news that Saudi Arabia is planning to hike output in light of rising prices.

London stocks shed 0.8 percent and Paris dipped 0.4 percent, while Frankfurt drifted 0.1 percent lower.

Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains. (AP)
Main category: 

Leave a Reply

Your email address will not be published. Required fields are marked *