Equities dip, oil slides as global risk rally stalls

By David Randall NEW YORK (Reuters) – Global equity benchmarks slipped from record highs and oil prices dipped Friday as weaker economic data in Japan and Europe and concerns that newly inaugurated U.S. President Joe Biden’s stimulus plan may face Republican opposition curbed a weeklong rally in risk assets. 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 Euro STOXX 600 was down 0.7% as investors digested weaker flash PMI readings for January. Lockdown restrictions to cont…

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