World shares modestly higher as investors mull coronavirus, recovery outlook

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Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.

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NEW YORK (Reuters) – Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.

In currencies, the pound shed early gains against the dollar after 10 consecutive days of gains. Sterling was last trading at $1.2519, down 0.64%. The dollar index rose 0.286%.

The euro down 0.39% to $1.1253.

U.S. Treasury yields rose as stocks clawed back some ground. The 10-year U.S. Treasury yield rose to 0.7067%.

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Global equity markets rose in choppy trading on Friday as concerns triggered by the U.S. Federal Reserve’s less-than-optimistic outlook for an economic recovery and a jump in U.S. coronavirus cases gave investors pause.

Source: {authorlink}