European stocks downwards on COVID second wave concern

European stocks downwards on COVID second wave concern The DAX in Germany fell 0.4%, The CAC 40 in France fell 0.6%, The U.K.'s FTSE index did better, gained 0.1% after the English government announced plans Thursday that mean future support for furloughed workers.  

French Prime Minister Jean Castex stated that if there is no improvement in the number of cases in the coming days, the government will not have doubts about quarantine the regions

  Economic data in Europe announced this week shows that the coronavirus cases have revived and seriously hitting the services sector showed that September halted its recovery. French Prime Minister Jean Castex stated that if there is no improvement in the number of cases in the coming days, the government will not have doubts about quarantine the regions. The French Government announced last Wednesday that extra restrictive measures had been taken in major cities to contain the pandemic. National surveys of business confidence from Germany and France were more vital than IHS Markit's PMIs had suggested earlier this week.

BMW (DE: BMWG) lower 0.2 % after it agreed to pay $18 million to settle claims in the U.S. that it had disclosed misleading sales figures

  Aviva (LON: A.V.) stock flew 2% after Reuters reported that the U.K. insurer was in talks with a partnership of Allianz (DE: ALVG) and life insurer Athora over Aviva's French unit. Boohoo (LON: BOOH) stock risen 16% due to laundering as a result of an independent audit. BMW (DE: BMWG) lower 0.2 % after it agreed to pay $18 million to settle claims in the U.S. that it had disclosed misleading sales figures. The Dow Jones Industrial Average gained 0.2% The S&P 500 gained 0.3% The Nasdaq Composite added 0.4%, helped by talk that politicians in the House of Representatives were working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.  

Gold fells 0.1% to $1,876.60/oz, while EUR/USD traded 0.1% higher at 1.1677.

  Oil prices have risen again in the light of new financial packages to be bought to stimulate the U.S. economy. However, ongoing concerns about increased demand may cause black diamond loss this week. U.S. crude futures traded 0.3% higher at $40.41 a barrel, The international benchmark Brent contract rose 0.4% to $42.11. Brent is towards for a drop of over 2 % this week, while U.S. crude is toward 1.5%. Gold fells 0.1% to $1,876.60/oz, while EUR/USD traded 0.1% higher at 1.1677. Source by Investing.com You may also be interested in:

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