World stocks fall further due to market jitters
On Friday, world stocks fell continuously while oil headed for a double-digit weekly slide as the market perceived uncertainty due to the rising coronavirus infection rate and the United States’ presidential election next week.
“The U.S. election, the extent of further lockdown measures, Brexit negotiations and vaccine news all present both upside and downside risks over the coming weeks and it is understandable that investors may want to proceed with caution,” BlueBay Asset Management’s Chief Investment Officer Mark Dowding stated.
World stocks (MIWD00000PUS) fell by 0.3% at 0925 GMT while U.S. stock futures (ESc1NQc1) went down by 1% to 1.3%.
Moreover, European blue-chip stocks (EuroSTOXX50E) dropped by 0.7% to take its weekly loss to 6.9%.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS ) fell by 1.2% compared to its record of 2.2% weekly loss.