Wall Street

Stocks mixed as China Covid spike offsets rosier US rate outlook

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London (AFP) – Stock markets traded mixed Friday, as fresh Covid lockdown fears in China offset hopes that the Federal Reserve would tone down US interest-rate hikes. Trading was light after the Thanksgiving day break in the United States with few catalysts to drive action on trading floors and investors looking ahead to the release of US jobs data next week. Most of Europe’s major stock markets were up at the end of the day’s trading while Asian indices closed mixed. Similarly Wall Street stocks opened undecided Friday with analysts expecting a quiet trading session with markets closing aroun…

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