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Mixed day for global stocks amid troubles with Brexit, US tech

World stock markets were mixed Friday as European traders mulled Britain’s increasingly acrimonious war dance with the EU, while in the United States technology shares continued to pull back.

Sterling remained under pressure as Britain sparred with Brussels, rejecting an ultimatum to withdraw controversial Brexit legislation but agreeing to extend talks next week.

On the plus side for British industry, a stuttering currency — which hauled itself off multi-month midweek lows — has been helping to boost share prices of index multinational’s earnings in dollars.

Those increases helped London’s FTSE index gain ground on Friday.

After Thursday’s sterling selloff, the pound was stable on Friday amid news the British economy expanded 6.6 percent — albeit still well off pre-coronavirus levels.

“Ultimately UK investors will probably thank the UK government for pushing down sterling and allowing the FTSE the room to recover 6000 (points),” said Chris Beauchamp, chief market analyst at

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Global stocks mixed after Wall Street advances to record

BEIJING (AP) — Global stocks were mixed Monday after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady.

Frankfurt and Tokyo advanced while London opened lower and Hong Kong declined.

U.S. stocks benefited from Federal Reserve chairman Jerome Powell’s announcement of a strategy change that could keep interest rates low. The change, dubbed “average inflation targeting,” could hold down rates even if inflation hits the Fed’s 2% target.

In early trading, the FTSE 100 in London lost 0.6% to 5,963.57 while Frankfurt’s DAX gained 0.7% to 13,122.16. The CAC 40 in France added 0.9% to 5,050.16.

On Wall Street, futures for the benchmark S&P 500 Index and the Dow Jones Industrial Average were up 0.3%.

On Friday, S&P 500 gained 0.7% while the Dow rallied 0.6%. The S&P gained 3.3% for the week.

Asian markets opened higher but all except Japan retreated, ending the

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Global shares mixed, markets look to central banks, earnings

TOKYO (AP) — Global shares were mixed Friday, with European indexes rising in early trading, after Asian benchmarks mostly tumbled, as investors looked ahead to central bank meetings and corporate earnings reports.

Market players are monitoring financial reports to see how businesses have managed the fallout from the continued outbreaks of COVID-19. Some technology companies have bucked the trend and are showing positive results. But many companies are hurting.

Investors also are looking ahead to central bank meetings in Britain, Australia, India, Russia and Thailand next week.

France’s CAC 40 added 0.6% in early trading to 4,881.25, while Germany’s DAX gained nearly 0,8% to 12,474.45. Britain’s FTSE 100 jumped 0.6% to 6,026.35. U.S. shares were set to drift higher with Dow futures at 26,288.0, up 0.3%. S&P 500 futures were at 3,258.62, up 0.3%.

Japan’s benchmark Nikkei 225 dropped 2.8% to finish at 21,710.00, while South Korea’s Kospi slipped 0.8%

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