European Stock Markets are Getting Weaker

European Stock Markets are Getting Weaker European stock markets are getting weaker. Restriction decisions, accompanied by concerns about Brexit and the increase in the number of new types of coronavirus (Covid-19) cases, caused European stocks to weaken. With the departure of the UK from the European Union, the continuing uncertainty about how trade relations will take shape in the new period and the gradually decreasing time continue to put pressure on stock markets. On the other hand, the increase in new types of coronavirus cases caused many countries to make quarantine decisions, and thus production was interrupted.   DAX 0%; CAC 40 fell 1.1% and FTSE 0.3%. Parallel to the developments, bad news came from Germany. As part of the coronavirus measures, the German government announced that quarantine will be applied in the Southern Bavaria Region from Wednesday, December 9, to January. The German IFO institute reported that the production expectations index decreased from 16.3 points to 5.5 points in November.   Developments to Follow While the global stagnation environment experienced in the first wave gives an idea to the administrations about the future; The European Central Bank (ECB) and the US FED are expected to announce their policy decisions later in the week. The expectation for the European Central Bank is that it will support the regional economy by increasing the bond purchase program. US stimulus package expectations are picking up after last week's weak employment data. In institutional developments; Italian fashion group Moncler (MI: MONC) saw the new all-time high, up 1.3% after announcing the purchase of its smaller rival Stone Island for 1.15 billion euros ($ 1.4 billion). In the UK, its shares fell 2.3% after the retail group Frasers (LON: FRAS) confirmed that Debenhams was holding bailout talks for UK operations. After rival Connels increased its bid for UK real estate group Countrywide (LON: CWD) by 30% to 325 pence per share, the group's shares gained over 18%.   Oil Prices Weakened The expectation of quarantine originating from coronavirus caused oil prices to weaken. US crude oil futures fell 1.4 percent to $ 45.61; Brent oil fell 1.2 percent to $ 48.65. Gold futures and the EUR / USD rate also fell in line with the developments. Gold futures lost 0.5 percent to $ 1,831.35. EUR / USD decreased by 0.1 percent to 1.2104.     Source: Investing.com