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European markets are facing Covid’s headwinds

London — European equities are expected to rise on Thursday as investors continue to monitor the region’s Covid crisis and Germany’s political situation.

Britain FTSE The index can be seen to be 18 points higher at 7,303 in Germany DAX 59 points higher at 15,955 in France CAC 40 Italy rises 30 points to 7,078 FTSE MIB According to IG data, it is 27,233, which is 154 points higher.

Investors will digest the latest news from Germany that a new coalition government between the Social Democratic Party, the Green Party and the Liberal Democratic Party was announced on Wednesday.

You will see the agreement Former German Finance Minister Olaf Scholz becomes Germany’s new Prime Minister When Angela Merkel left the post in early December.

European investors continue to monitor Acute covid crisis in the region Infections have increased this week and a few countries have introduced new Covid restrictions.

Italy announced Wednesday evening that it would introduce stricter Covid measures, and Germany wants to wait for the next coalition to help mitigate the increasing number of cases there with stricter Covid passport rules. As I told you, I barely avoided another blockade. Nonetheless, the next German leader, Olaf Scholz, said on Wednesday that vaccination should be mandatory for the target group.

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Overnight Asia Pacific MarketStocks were mixed as investors responded to the Bank of Korea’s decision to raise the policy rate to 1%. The decision of the South Korean central bank is Similar move by the Reserve Bank of New Zealand on Wednesday..

The US market will be closed on Thursday for Thanksgiving and will be closed early on Friday with a shortened session.

On the data side, a detailed picture of Germany’s Gross Domestic Product (GDP) for the third quarter has been released and is scheduled for December reading of Germany’s GfK Consumer Psychology Barometer.

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European markets are facing Covid’s headwinds

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