قالب وردپرس درنا توس
Home / Business / Reuters: COVID infection rate weighs on global stock markets to fall again

Reuters: COVID infection rate weighs on global stock markets to fall again



2/2
© Reuters.After the coronavirus outbreak, people wearing protective masks are reflected on a screen showing the Nikkei index outside the Tokyo Stock Exchange

2/2

Simon Jessop

LONDON (Reuters)-On Friday, global stock markets fell further, with oil prices falling by double digits each week, due to the rising global COVID-1

9 infection rate and the anxiety caused by the US presidential election next week enough to offset a strong Eurozone quarter The impact of growth data.

The central bank’s strong rebound from the pandemic at the beginning of the year was shaken this week, and there are concerns that the second wave of infectious diseases will worsen, especially in Europe, which makes the market unhappy.

“U.S. elections, the extent of further lock-in measures, Brexit negotiations and vaccine news will all have upside and downside risks in the next few weeks. It is understandable that investors may have to proceed with caution, which is understandable,” JPMorgan Chase Chief Investment Officer Mark Dowding said. BlueBay Asset Management.

At 0925 GMT, global stock markets fell 0.3%, following Asia’s weakness, while US stock futures fell 1% to 1.3%. Gold rose, and the spot price rose 0.3% to $1,873 per ounce.

In Europe, the blue-chip EuroSTOXX 50 () fell by 0.7%, bringing its weekly decline to 6.9% and remaining at its lowest level at the end of May. MSCI’s broadest stock index in the Asia-Pacific region outside of Japan closed down 1.2% and fell 2.2% a week, rising for four consecutive weeks.

“The new blockade across Europe is being severely priced by the market,” Barclays Bank (LON:) Emmanuel Cau, a stock strategist, said in a report to clients.

“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.”

The rise in European government bond yields is due to new restrictions on COVID across the continent, with 10-year bond yields in Italy, Spain and Germany all between 1-2 basis points.

Although Brent crude oil nearly rebounded at midday in London, rising 0.5%, basically in line with its US counterparts, it still fell sharply this week, facing a drop of nearly 10%.

In turn, this has led to a massive sell-off of commodity-related currencies, including the Russian ruble. , Norway Crown And Canadian dollars , This is the worst week since April.

Graphics: Stocks, oil and coronavirus cases https://fingfx.thomsonreuters.com/gfx/mkt/jbyprxdzope/Pasted%20image%201604051261032.png

Weak sentiment dragged down European stock markets. Despite the strong quarterly GDP data of the Eurozone-up 12.7%-a day later, the European Central Bank pledged to provide more help to the economy at its next meeting in December to help deal with the potential economy from Europe Blow. Pandemic.

Societe Generale’s (OTC:) foreign exchange analyst Kit Juckes said that in view of the recent implementation of new lock-in measures in France, France’s positive growth data (an increase of 18.2% from the previous quarter) is not enough to make up for fears about the virus.

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.

The announcement caused the euro to fall to a four-week low of US$0.1648, and then rebounded slightly to US$1.1679 on Friday, down about 0.4% since the beginning of this month.

At the same time, the index remained stable during the consolidation trading on Wall Street overnight, after strong growth in technology stocks, and data showed that the US economy grew at a record annual rate of 33.1% in the third quarter.




Source link