News Snapshot:
Stocks Mixed on Surging Virus, U.S.-China Tension: Markets Wrap More (Bloomberg) — Stocks traded mixed across much of the world as August began with a resurgence of Covid-19 cases and fresh Sino-U.S. frictions. The dollar strengthened. The Stoxx Europe 600 Index opened flat, with banks leading decliners as HSBC Holdings Plc missed profit estimates on the pandemic’s effect and Societe Generale SA posted a surprise loss. U.S. index futures were mixed. Shares advanced in Japan and China, where mainland-listed technology stocks surged on expectations of support from Beijing in response to U.S. moves against Chinese-owned software companies. After notching four...
