World stock markets turned lower in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U. S.
World stock markets turned lower in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U. S.
With Wall Street due to remain closed in observance of Independence Day, Germany’s DAX edged 0.5% lower to 12,548. The CAC 40 in Paris dropped 0.9% to 5,006, while Britain’s FTSE was down 1.2% at 6,167.
Markets had risen earlier in Asia as investors there got their first opportunity to react to the stronger-than-expected U. S. jobs figures released on Thursday.
The jobs data and improved global indicators boosted sentiment, albeit momentarily, along with positive reports on potential vaccines and treatments for the coronavirus that has infected more than 10.8 million people and killed over 520,000, according to data from Johns Hopkins University that experts say understates the tally due to issues with testing and asymptomatic cases.
