European Stocks Lower, Travel Sector Slumps on New Virus Variant
European stock markets slumped Friday, with the travel sector hit hard on concerns a new Covid variant will prompt fresh mobility restrictions, hindering the region’s economic recovery.
Dollar Weakens Against Yen on New Virus Fears; Rand Hit Hard
The dollar edged lower Friday, weighed by gains to the safe haven yen and Swiss franc, as traders dumped riskier currencies in the wake of the discovery of a new highly mutated coronavirus variant.
China central bank allows set-up of credit scoring venture backed by Ant, state firms
China’s central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba fintech affiliate Ant Group and other firms.
Tesla Drops as Musk’s Sale of Shares Crosses Halfway-Point
Tesla stock traded nearly 4% lower in Friday’s premarket as it attempted to absorb impact of another sale of shares by the company’s Chief Executive Officer Elon Musk.
Euro zone lending to companies accelerated in October
Banks in the euro zone increased the pace of lending to companies last month and continued to extend credit to households at a brisk pace, data showed on Friday, in a sign of confidence in the bloc’s recovery.
Source: Investing.com
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