Thu, 26 Nov 2020

European stock markets steadied Thursday following sharp losses the previous session as the chances of a pre-election stimulus package in Washington dimmed.

"The US economy needs assistance but there isn't much hope that it will be achieved soon."

The claims will likely lead to fresh concerns about the result being contested, which could drag on for weeks and cause uncertainty on markets.

Pound retreats

The pound gave up some of the strong gains won Wednesday against the dollar and euro on hopes of a post-Brexit tade deal between Britain and the European Union.

Source: News24

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