European inventory rates lost more than 2% after France and the UK imposed strict new blocking regulations to stop virus cases.
An defeated return to Wall Street created a recovery attempt in Europe on Friday.
U. S. benchmark stocks fell on a third day, but with margins much narrower than half-day losses would have suggested. The Dow Jones lost more than three hundred issues, but recovered to close with only 20 less emissions. Increased regulatory scrutiny after the blocking of a New York Post article and as the European Union prepares to lessen its influence in Europe. Morgan Stanley’s better-than-expected effects helped bank stocks end more frequently, partially offsetting generation losses.
The floodgates still erupt in Europe after days of increased cases of viruses that led to stricter viral restrictions. The fatal blow was a state of emergency in France and difficult new measures in London. President Emanuel Macron arrived in France after hospitalizations were overcome. 9100.
The British government is under pressure to stick to the clinical recommendation of a two-week national blockade of the circuit breaker, but it has resisted so much, but capital has increased to the restrictions of point 2. This means that two other families can no longer be combined indoors, either at home or in a pub or restaurant. There is still no sign of the unusual European stimulus fund, so in the meantime, economies are expected to suffer the blow – risking a double recession – of the new restrictions.
With COVID-19 more in the middle than ever before, winners are only online and losers offline. Irish low-budget airline Ryanair said it would operate at 40% of its typical winter capacity, leading to a drop in the maximum airline. , the head of United Airlines said he did not expect a full return to the business until 2024. Business is the bread and butter of major airlines, in addition to budget travel. United recorded a loss of $1. 8 billion in the third quarter, reducing its stock to 3. 8%.
Shares in AO World: Online appliance distributor increased by 30% after the company reported a 57% increase in the six months through September. People still want to update the essential devices they use on a daily basis, the difference is that they couldn’t go to the physical store to get it. Sales increased by 54% in the UK, while sales increased by 83% in Germany. The company said, ‘We think we’ve noticed a radical change in online penetration. ‘The pandemic has replaced old perceptions that some things are not suitable for online delivery, such as heavy parts, such as appliances.
A deterioration in the economic outlook under the weight of new viral restrictions, as well as the prospect of additional financial stimulus, have weighed on the euro. The EUR/USD fell below 1. 17 because investors turned to the dollar for their money. was in favor as a refuge, as investors became increasingly aware that the door was final for a pre-election stimulus agreement. hard work market.
IMF meeting.
The European Council continues.
EUrozone CPI (September).
US Retailer (September)
U. S. commercial production (September).
Bank of NY Mellon third quarter results.
The EUR/USD pair closed the week in red in the value zone of 1,1710, while speculative interest continued to favor the refuge assets. The coronavirus outbreak in Europe can lead the ECB to a more relaxed financial policy.
The GBP/USD pair oscillated between profit and loss at the end of the week, ending the unchanged day still around 1,2915, below its opening on Monday. GBP/USD is technically bearish.
The USD/JPY pair stabilized at around 105. 40 for the third consecutive week, desing in the latter amid widespread aversion. Yields on U. S. Treasury bondsBut it’s not the first time They increased with optimistic U. S. data, supporting USD/JPY.
The XAU/USD stabilizes at about $1,900, it turns out it takes two weeks of consecutive victories. Safe havens supply a more powerful spice to the USD than gold. The gold troy ounce lost nearly $30 on Tuesday and fought losses for the rest of the week.
The WTI futures for the first month fell from the top of the $40. 90 consultation after Baker Hughes reported the fifth consecutive accumulation on oil rigs. The value of U. S. reference oilHe recovered from the query lows of $40. 04 to erase past losses.
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