European stocks opened lower on Friday against a backdrop of economic pessimism, including fresh lockdown restrictions on the bloc and in Asia.
CNBC is reporting that President Joe Biden’s First COVID-19 package is already facing hurdles in Congress.
Global shares slipped off record highs on Friday as gloomy data reminded investors of the struggles facing the economic recovery, curbing a rally fuelled by hopes of U.S. stimulus by newly inaugurated President Joe Biden. Sentiment in Europe was already more cautious after Thursday's European Central Bank meeting, in which the bank's message was perceived as more hawkish than expected. The yield on Italian 10-year benchmark bonds touched its highest since early November on reports that Prime Minister Giuseppe Conte may be tempted by the prospect of a snap election.