xysoom
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Joined: 26 May 2020
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| Posted: 25 July 2020 at 09:55 | IP Logged
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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.”
 24/637311825134286373/ART637311825134286373_481145.jpg-
wikifx_articlepic">
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.
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Topic: Stocks Drop With Economy Worries; Dollar
