By Pete Schroeder
Dec 10 (Reuters) - Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the U.S. and Europe.
On Wall Street, markets took a bit of a hit as investors awaited further news on economic stimulus and COVID-19 vaccines. And ongoing negotiations between the British and European Union over the terms of Britain's exit added another dash of uncertainty for investors.
In the U.S. Congress continued talks on additional economic stimulus, with House lawmakers voting to pass a one-week stopgap funding bill to give more time for talks. British Prime Minister Boris Johnson warned the European Union on Wednesday it must scrap demands that he says are unacceptable if there is to be a Brexit trade deal to avoid a turbulent breakup in three weeks. levels of event risk surrounding the EU-UK trade talks ... and ongoing negotiations on a fresh U.S. stimulus package in Washington continued to dampen market volatility," wrote analysts at ANZ Bank in a research memo.
Facebook FB.O dragged down other big tech stocks on the news that the U.S. Federal Trade Commission and nearly every U.S. state had sued the social media company, saying it engaged in anticompetitive practices and should potentially be broken up. recent run of optimism on the back of positive vaccine news took a hit after officials in Britain, the first Western nation to adopt a wide vaccination effort, cautioned that people with a history of significant allergic reactions responded adversely to the Pfizer (NYSE: PFE ) PFE.N vaccine. U.S. dollar rose for the fourth straight session Wednesday, with the dollar up 0.16% against a basket of currencies =USD to 91.065. Longer-term U.S. Treasury yields rose on stimulus and vaccine hopes. futures were largely flat LCOc1 CLc1 , while spot gold prices XAU= were down more than 2%, with the start of vaccine treatment reducing demand for the safe-haven investment. Global assets
http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh Emerging markets
http://tmsnrt.rs/2ihRugV MSCI All Country Wolrd Index Market Cap
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.