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GLOBAL MARKETS-Stocks Dip on Lukewarm Data; Oil Falls
Published in Saudi Press Agency on 14 - 08 - 2020

Stocks fell today, on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus, Reuters reported.
A review of the U.S.-China trade deal initially slated for Saturday will be delayed due to scheduling issues and no new date has been agreed upon, according to sources familiar with the plans.
European shares were weighed further by a hit to travel stocks after Britain added more European countries, including France, to its quarantine list amid the coronavirus pandemic.
On Wall Street, a slowdown in retail sales growth last month and concern over further reluctance by consumers weighed on stocks, but the S&P 500 ended nearly unchanged, not far from record highs.
The Dow Jones Industrial Average rose 34.3 points, or 0.12%, to 27,931.02, the S&P 500 lost 0.58 points, or 0.02%, to 3,372.85 and the Nasdaq Composite dropped 23.20 points, or 0.21%, to 11,019.30.
MSCI's world index shed 0.25%, drifting further from all-time highs touched in February. The index has still rallied close to 50% from March's trough despite global economic consequences of fighting the COVID-19 pandemic.
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00:48 LOCAL TIME 21:48 GMT
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