Equities Keep more Cautious on the Session
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Midday Market View
European stock markets largely weakened Friday, with investors concerned that a second wave of Covid-19 cases will halt the region’s nascent recovery. Oil prices edged higher amid renewed hopes for more stimulus measures to boost the U.S. economy. However, persistent concerns over demand growth are likely to result in a losing week for the oil complex.
Midday Key Point
- Cable pushes to 1.2800 as buyers wrestle back some near-term control
- ECB's Villeroy supports that ECB might let inflation rise above 2% for some time
- European equities more mixed at the open