European stocks could significantly reduce virus concerns

Friday’s European stocks have new varieties coronavirus It can upset the recovery of growth seen in Europe.

European countries expanded booster vaccination and tightened margins overnight after South African scientists said they had detected a new, perhaps vaccine-resistant coronavirus variant with more than 30 mutation spreads. rice field.

Slovakia has entered a two-week blockade, and Czech Republic officials have declared a 30-day emergency as Germany crosses the threshold of 100,000 Covid-19-related deaths.

The UK has temporarily suspended flights from six countries after the World Health Organization has described the new variant.

The organization today called for a special meeting to discuss what new mutants mean for vaccines and treatments.

Asian market Benchmark indexes in Australia, Hong Kong, Japan and India fell by about 2%.

While risk-off sentiment in asset markets has driven investors to gold, the dollar has fallen against the yen.

Crude oil prices fell by more than 2% due to concerns about sluggish demand and the potential for a larger global supply surplus in the first quarter.

In the economic announcement, the results of the German import prices and the French consumer sentiment survey in October are scheduled for the second half of the session.

The US market was closed overnight due to Thanksgiving. The European market closed at a high on Thursday as strong US data helped offset concerns about the resurgence of Covid-19 cases in Europe and policy tightening in the US.

The minutes of the Fed’s previous meeting revealed a hawkish inclination to the board, but the minutes of the ECB’s October 28 meeting showed an upgrade to an inflationary view. ..

The Pan-European STOXX 600 rose 0.4%. Both the German DAX and the UK FTSE 100 rose about 0.3%, while the French CAC 40 index rose 0.5%.

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European stocks could significantly reduce virus concerns

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