Trade Worries Keep Lid On Stocks Italian Bonds Sell Off On Government Tensions

0
Trade Worries Keep Lid On Stocks Italian Bonds Sell Off On Government Tensions

LONDON – World stocks climbed on Friday, driven by a combination of strong earnings and a rally in the technology sector after Apple became the world’s first trillion dollar company, although worries over a global trade dispute kept a lid on gains.

Italy’s bonds sold off for a second straight day and stocks in Italian banks also fell on signs of renewed government tensions in Rome.

After hitting a three-week high, the dollar retreated into negative territory, while the Chinese yuan jumped after China’s central bank said it would keep the currency “basically stable”. The bank also said it would take counter-cyclical measures to keep foreign exchange markets stable based on market conditions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here