London/Sydney (Reuters)-Global stock markets fell further on Friday, and safe havens were also hit, as the global COVID-19 infection rate and the nervousness of the US presidential election next week are worrying the market.
Fears that the second wave of infectious diseases will worsen, especially in Europe, has made the market unhappy, and the strong rebound triggered by the strong rebound from the pandemic decline at the beginning of the year has been shaken this week.
World stock .MIWD00000PUS 071
In Europe, the excellent EuroSTOXX 50 .STOXX50E It fell 0.6%, bringing its weekly decline to 6.8% and maintaining the lowest level since the end of May.
MSCI’s most extensive Asia Pacific stock index outside of Japan .MIAPJ0000PUS It fell by 1.2% and is expected to rise for four consecutive weeks.
US stock futures SC1NQc1At the same time, the decline in pointing is about 1.4% to 1.9%.
Emmanuel Cau, an equity strategist at Barclays, said in a report to clients: “New locks across Europe are priced harshly by the market.”
“With the rapid development of complacency, this decline may eventually provide another good entry point, but a lot depends on the election results and the timing of the results.”
Although the weak sentiment dragged down the European stock markets, the European Central Bank promised to provide more help the day before at the next meeting in December to deal with the potential economic shock of the pandemic.
This week, the global coronavirus cases increased by 500,000 for the first time, and France and Germany are preparing for new lockdowns.
In response, analysts expect the European Central Bank to expand and expand the “Pandemic Emergency Procurement Program”, lower deposit interest rates, and provide banks with more relaxed loan conditions in December.
Announcement sent in Euro Euro= It fell to a four-week low of US$0.1648 and rebounded slightly on Friday to US$1.1668, down about 0.4% since the beginning of the month.
Dollar index = USDAt the same time, after some leading technology giants’ strong quarterly reports and data showed that the US economy grew at a record annual growth rate of 33.1% in the third quarter, a solid consolidation was carried out on Wall Street overnight, and the stock remained stable.
“Even with a rebound, U.S. production is still 3.5% below pre-COVID levels. ANZ Bank analysts wrote in a report: “From here, the path to recovery is far from clear, especially with the virus The increase in the number of cases and recent obstacles to financial transactions. “
Brent crude oil is also flat in early European trading LCOc1 US crude oil c1 Rose 0.2% to 36.27 US dollars.
Reporting by Swati Pandey in Sydney and Pete Schroeder in New York; Editing by Tom Brown, Gerry Doyle, Kim Coghill, and William Maclean