European stocks, Asian shares fall – GulfToday

European stocks, Asian shares fall – GulfToday

Picture used for illustrative purpose. File



Gulf Today Report 

European stocks ended the week with a fall on the prospects of tighter lockdowns in Germany and France and surge in cases in China. 

 

The pan-European STOXX 600 index fell 0.5% set to end the week marginally lower.

 

German Chancellor Angela Merkel wants "very fast action" after the country saw a record number of deaths from the coronavirus, while French government said it will strengthen its border controls from Monday and impose an earlier curfew from Saturday to curb the spread.

 

The German DAX declined by 0.5%, France's CAC 40 fell 0.6% and the UK's FTSE 100 was down 0.6%. 

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Gold prices gain on US stimulus prospect

 

Oil declines as cities in China go into lockdown

 

Wizz Air Abu Dhabi takes off today

Asian shares 

 

Asian shares slumped on Friday after a terrible US jobs report and a slide in several Big Tech stocks.

 

Japan's Nikkei