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World stocks poised for weekly loss; 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, putting them on track 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 0.60 percent on the day, and was set to fall for the week following six consecutive weekly increases.Investors were digesting economic and trade developments from Thursday, when the European Commission sharply cut its forecast for euro zone growth this year and ...

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First Published: Sat, February 09 2019. 00:47 IST