The market’s temperament deteriorated, further reducing inventory markets during the Asian session. The increase in coronavirus cases has generated fears so far, as well as a lack of progress on the part of US lawmakers to settle for greater budgetary support, which has damaged confidence
The US dollar and Japanese Safe Haven yen prolonged gains against major competitors, while the risk-sensitive Australian dollar fell below $ 0. 72 after Reserve Bank of Australia Deputy Governor Guy Debelle hint at additional financial stimulus.
Gold and silver fell, as did yields on US Treasury bonds. But it’s not the first time 10 years. The emerging United States weighed on commodity prices.
Federal Reserve Chairman Jerome Powell will testify 16th to the Senate committee today. Sales of existing homes in the United States by July will be the center of attention.
Risk appetite struck through covid fears
Fears are developing that stricter restrictions in several European countries can simply derail the eurozone’s economic recovery and can see the assets at risk if the covid epidemic is contained.
France, Germany, Spain and Italy have avoided tightening blockade restrictions despite cases of covid that have increased over more than six weeks in an effort to protect their economies.
The Regional Director for Europe of the World Health Organization, Hans Kluge, warned that the scenario in Europe is serious and alarming. Another economically devastating blockade is almost inevitable.
In fact, local governments in Madrid, Spain and Nice in southern France have announced a restriction on meetings, the park and public spaces to stop the spread of the virus.
The VDAX index: the DAX 30 volatility index soared, along with the tightening of restrictions arising from the February breakup on September 16.
Deteriorating fitness situations can continue to fuel volatility and restrict the performance of regional markets