NEW YORK/LONDON (Reuters) – Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its march toward a record high.
FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo
In a tit-for-tat move, Beijing ordered Washington to close the U.S. consulate in Chengdu in retaliation for China being told earlier this week to shut its consulate in Houston.
Data showing business activity in the euro zone returned to growth failed to cheer investors. German manufacturing avoided contraction for the first time in 19 months in July with a notable upturn in sales