BEIJING — Global stock markets were mixed Friday after Wall Street slipped on uncertainty about the U.S. economic outlook. Frankfurt, Shanghai and Hong Kong advanced while London and Tokyo declined on a day with no major market-moving news. Overnight, Wall Street's benchmark S&P-500 index lost 0.3% after the government reported another 1.3 million people applied for unemployment last week. Global markets have recovered most of this year’s losses, buoyed by optimism about work on a possible coronavirus vaccine. But economists warn the rise might be too fast to be sustained by uncertain economic activity as infections in the United States and some other countries increase.

Source: International New York Times July 17, 2020 07:08 UTC