World Shares Slip As U.S. Retail Sales Dampen Vaccine Euphoria

Read full article News1818 November 2020, 6:18 am·4-min read TOKYO/NEW YORK: Global shares stepped back on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs. U.S. S&P500 futures shed 0.4%, a day after the S&P500 index lost 0.48%, while Europe’s Euro Stoxx 50 futures eased 0.3%. Japan’s Nikkei fell 1.1%, bruised by news that new coronavirus cases in Tokyo hit a record high near 500 and reports that the city may ask businesses to shorten their hours again. But many Asian markets bucked the trend, with MSCI’s broadest index of...