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Global stocks fell Thursday after the Fed thwarted hopes for additional stimulus in a series of FOMC caution minutes released On Wednesday.
In Europe, markets fell after Germany reported more than 1,500 new cases in 24 hours, its biggest increase since April. The current number of cases in Europe’s largest economy stands at 229,807.
The Fed’s dissponsed account of the Fed assembly “has made a number” in the markets, said Connor Campbell, SpreadEx’s money analyst, when officials warned that the pandemic would strongly affect economic activity, employment and inflation in the short term.
However, FOMC members that the new stimulus measures “are not justified in the existing environment”.
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This situation, largely unforeseen, as investors expected the new Fed assembly to “open the door to the central bank’s jigger-pokery next phase” due to the large fortune of the initial stimulus packages, Rabobank analysts said.
In a new turbulence for European markets, Croatia may be added to the UK’s COVID-19 quarantine list, which adds to considerations from tour operators and cruise lines in the region.
Last week, the UK included France, the Netherlands, Malta, Monaco, Aruba and the Turks and Caicos Islands on the list, implying that travellers arriving from those destinations are self-driving for 14 days.
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Here is a market summary at 11:35 a.m. in London (6:35 a.m. ET):
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