Soaring COVID-19 Cases Dampen European Markets


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Wall Street's modest recovery rally on Thursday was not enough for Europe, as rising COVID-19 cases weigh on markets. Investor sentiment takes a hit as any fresh government restrictions will stall the economic recovery.

London's FTSE index is trading flat. Public sector net borrowing numbers for August came in at £35.2 billion, slightly higher than expectations of £35.05 billion. Bank of England's quarterly bulletin is also due today.

Germany's DAX is trading down 0.62%. The European Union's loans to non-financial corporations grew at 7.1% year-over-year compared to 7% prior. Loans to the private sector grew 3% year-over-year.

France's CAC 40 index is trading down 0.76%. The country's total jobseekers report for September is due today.

Spain's IBEX index is trading up 0.11%. The country's producer price index declined 3.5% year-over-year, improving from a decline of 4.8% prior.

U.S. Dollar Index futures are trading up 0.07% to 94.457 as the Dollar strengthens 0.16% against the Euro to $1.166, while the Sterling gains 0.18% to $1.277.

Related Link: Asian Markets Remain Mixed On Hopes Of Fresh US Stimulus


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsEurozoneFuturesForexGlobalMarketsCAC-40DAX indexeuropean marketsglobal marketsIbex 35UK FTSE 100