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Global stocks head for weekly loss while dollar firms again

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - World stocks fell for a third straight day on Friday on pessimism about global economic growth and trade tensions, and were set for their first weekly drop this year, while the U.S. dollar was on track for its biggest weekly gain since August.MSCI's gauge of stocks across the globe shed 0.86 percent, and was set to fall this week following six consecutive weekly increases.Investors were digesting economic and trade developments from a day earlier, when the European Commission sharply cut its forecasts for euro zone growth this year and next, while ...

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First Published: Fri, February 08 2019. 22:10 IST
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