Global Markets: French president contracts COVID-19

By MarketsFarm

WINNIPEG, Dec. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

French President Emmanuel Macron has tested positive for COVID-19, after meeting with numerous European leaders last week. France and Spain’s prime ministers are self-isolating after their recent close contact with him. Macron and his wife will self-isolate for seven days.

Credit Suisse Group AG has been indicted by Swiss prosecutors over an alleged failure to prevent money laundering activities by a Bulgarian drug ring. The bank allegedly failed to take “reasonable and required” measures to prevent cash from cocaine sales to be used to purchase real estate in Switzerland and Bulgaria.

United States unemployment benefits jumped to their highest level in three months, indicating a stall in the labour market’s COVID-19 recovery. Initial jobless claims in regular state programs rose by 23,000 to total 885,000 in the week ended Dec. 12, according to data from the U.S. Labor Department.

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