LONDON/HONG KONG (Reuters) – World shares steadied on Friday above three-week lows set in the previous session though they were heading for a weekly loss on China jitters and global growth concerns, while strong U.S. retail sales data buoyed the dollar. The index hit a record high of 749.16 on Sept 7. The pan-European STOXX 600 index rose by 0.7% and UK stocks gained 0.4%. The data also boosted the dollar, which held steady near the previous day’s three-week high against an index of currencies. Hong Kong’s Hang Seng Index rose 0.47%, with traders looking for oversold stocks after the benchmark posted its lowest close in 10 months the day before.

Source: MetroXpress September 17, 2021 02:26 UTC