SHANGHAI, Dec 31 (Reuters) - China stocks rose to multi-year highs on the last trading day of 2020, as investors cheered a Sino-Europe investment deal and Beijing’s policy support for its capital markets.

BEIJING (Reuters) - Activity in China’s services sector expanded at a slower but still strong pace in December, official data showed on Thursday, supported by pent-up demand as the recovery from the coronavirus gathered pace.

SYDNEY (Reuters) - The dollar was ending 2020 in a downward spiral on Thursday with investors wagering a global economic recovery will suck money into riskier assets even as the yawning U.S. twin deficits argue for an ever cheaper currency.

BEIJING (Reuters) - China’s factory activity expanded in December as hot export demand fueled a recovery in the world’s second-largest economy from the coronavirus slump, although higher labour and transport costs slowed the pace of growth.

SINGAPORE (Reuters) - Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.

TOKYO (Reuters) -Asian shares hit a record high on Wednesday as investors bet on a strong economic recovery next year, as there is little sign policymakers wind back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns.