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Prices and oil prices fell during the global financial crisis, with the rapid spread of the Omicron coronavirus prompting governments across the region to re-impose sanctions.
The Pan-Europe Stoxx 600 index fell 1.5% in morning performance. The FTSE 100 of London and the Cac 40 of France both fell by about 1.1 percent, while the Dax of Germany fell by 1.9%. Travel and accommodation were some of the worst, with Tui, Wizz Air, parent of British Airways IAG and Lufthansa all down by 3 percent.
The S&P 500 futures are down 1.3%, pointing to another significant reversal after Wall Wall’s stockmark stock barometer lost 1 percent on Friday.
The Netherlands Sunday became the first EU country to re-enter the world of closed, closed bars, restaurants and much-needed retailers until mid-January.
The German government recommended travel restrictions over the weekend, when a UK Health Secretary he did not stop bringing barriers to England before Christmas, telling the BBC it was “a very careful time”. In the meantime, Ireland has set a time limit for 8pm for restaurants and cafes.
Tatjana Greil Castro, head of the public markets in Muzinich, said the decline in the market was due to the greater opportunities for Lockdown produced by Omicron in Europe and Asia, due to the increase in sales before Christmas.
Omicron is “one of the biggest problems in the market right now” because it “disrupts end-of-year ideas”, added Jim Reid, an academic at Deutsche Bank.
Oil prices indicate these jitters. Brent, the global benchmark, dropped by 3.2% to $ 71.18 a barrel, while the US West Texas Intermediate benchmark dropped by 3.8% to $ 68.19.
“The fear of the epidemic has returned to the forefront of investors’ concerns over the growing number of Omicron coronavirus species,” said Stephen Brennock of PVM, a retailer.
Traders completely changed the focus of their business, but the meeting ended. US 10-year yields fell by 0.02 per cent to 1.39 per cent, while German Bund’s 10-year equivalent yields were down 0.38%.
Meanwhile, US expectations have grown exponentially Democratic Senator Joe Manchin he said he would not vote for President Joe Biden’s sign of Build Back Better, meaning that the law would not go beyond what it is now, experts say.
As a result, Goldman Sachs lowered US predictions for domestic growth in 2022 from 3 percent to 2 percent in the first quarter, from 3.5 percent to 3 percent and from 3 percent to 2.75 percent in the third quarter.
Manchin cited the existing debt in the country, the resurgence of Covid-19 and the rise in consumer prices as reasons for rejecting the bill.
“If the economic system loses its power [US Federal Reserve] Growing up, falling prices can be very difficult, “says Kit Juckes, an academic at Société Générale.
China, meanwhile, slashed its monetary policy on Monday by cutting a one-year interest rate, which Juckes said was trying to stem the country’s economic growth “from” over “.
“We can [soon] see a further shift in size, ”he added.
In Asia, Hang Seng of Hong Kong sold 1.9% down and Nikkei 225 of Tokyo dropped 2.1%.
Additional reports of Neil Hume
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