COVID recovery vs COVID reality – ZAWYA

COVID recovery vs COVID reality – ZAWYA

COVID recovery vs COVID reality | ZAWYA MENA Edition HomeMarketsEquitiesArticleCOVID recovery vs COVID reality European markets see subdued end to week    A broker gestures as he talks on the phone on the dealing floor at ICAP in London, Britain January 3, 2018.LONDON - World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay.The market rally fuelled by record U.S. jobs numbers had largely blown itself amid a spike in U.S. COVID cases, though the fastest expansion in China's services sector in over a decade and more stimulus ensured optimism remained. Chinese shares had charged to their highest level in five years, helping the pan-Asian indexes to 4-month peaks, so the sight of European markets stalling early on took some traders by surprise.The market rally fuelled by record U.S. jobs numbers had largely blown itself amid a spike in U.S. COVID cases, though the fastest expansion in China's services sector in over a decade and more stimulus ensured optimism remained. LONDON - World shares inched towards a four-month high on Friday and industrial bellwether metal copper