. . World news – US – European stocks are rising, while U. s. Futures fall on virus news and the spending spat between the Fed and Treasury

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European stocks rose slightly on Friday, while European stocks rose. s. Stock futures tumbled as investors realized a combination of coronavirus updates and the rift between the United States. s. Treasury and Federal Reserve on ending emergency lending programs.

Stoxx Europe 600 Index
SXXP,
0. 55%
Rose 0. 3% to 388. 87 for a weekly profit of approximately 1%. German DAX Index
Dax,
0. 33%
Rose 0. 2% French CAC 40
PX1,
0. 53%
It reaches 0. 4% and the FTSE 100
UKX,
0. 58%
Added 0. 3%. The euro settled at $ 1. 1872.

The Dow Jones Industrial Average
YM00,
-0. 19%
The S&P 500 futures
ES00,
-0. 16%
It fell about 0. 4% each, while the Nasdaq 100 futures contract
NQ00,
-0. 01%
She was humble. Yo. s. Equities turned into positive territory in the final hours of trading on Thursday amid fresh hopes for fiscal stimulus.

But optimism over the stimulus agreement was overshadowed after Treasury Secretary Stephen Mnuchin refused on Thursday to extend the emergency loan programs created with the Federal Reserve that are due to expire at the end of the year. The Federal Reserve voiced its objection in a statement that read out, which showed a rare public rift between the two.

Mnuchin also asked the Fed to return unused funds to the Treasury so that it could be reallocated.

Controversy comes when it comes to U. s. Fights uncontrolled infection rates, as California imposes a new curfew and the Centers for Disease Control and Prevention advises against traveling over the Thanksgiving holiday next week.

In a setback for virus treatments, a World Health Organization (WHO) panel has recommended against doctors who use Gilead
Hydrated / painted,
-0. 44%
Remdesivir is a drug for treating corona virus patients, saying that it “has no appreciable effect on deaths or other important outcomes.

There was some upbeat news for Europe, though, after European Commission President Ursula von der Leyen said Thursday that Pfizer, BioNTech and Moderna’s COVID-19 vaccine candidates could receive a conditional marketing permit. By mid-December. Reuters reported that the European Union may pay more than $ 10 billion to buy vaccine doses from Pfizer, BioNTech and CureVac.. .

However, Hans Kluge, Director of Europe at the World Health Organization, warned Thursday that the continent faces a difficult six months ahead, with the region accounting for 28% of global cases and 26% of deaths.. . This is because European Union leaders failed to make progress on Thursday’s massive stimulus package, which was frozen due to the veto power of Poland and Hungary.. .

Trade talks on Brexit were suspended for a « short period » after chief EU negotiator Michel Barnier tested positive for the COVID-19 virus..

On the data front, retail sales are in the US. K. It rose in October for the sixth month in a row despite an increase in infections.

Among the moving stocks, shares of Sage Group
SGE,
-13. 62%
Down 11% after MNC Software Group down 11% after mixed results from Multinational Enterprise suite of software.

“Despite strong cycle rate growth, higher investment and £ 17m in bad debt provisions have always resulted in poor performance at the organization. Jefferies, a team of analysts led by Paul Kratz, said in a note to clients.

Smurfit Kappa IE shares: SK3 shares down 3%. Yo. K. The China-based paper and packaging company says it raised 660 million euros ($ 783).. 7 million) shares were placed to accelerate investment.

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Stephen Mnuchin, Federal Reserve System, US Treasury

World News – US – European stocks rise, while U. s. Futures fall on virus news and the spending spat between the Fed and Treasury

Ref: https://www.marketwatch.com

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