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The European and Asian divisions fell as concerns over the development of the Covid-19 shattered the prospects for the global economy.
Early Monday morning, Europe’s Stoxx 600 index fell 1.4%. London’s FTSE 100 dropped by 1.3% while England lifted most of its air restrictions. The hope of openness was cover and more than half a million people, including Prime Minister Boris Johnson, are being told to isolate themselves when they come in contact with people living with the virus. Businesses including supermarkets and ports report a shortage of workers.
Japan’s Topix fell 1.3%, while Hong Kong’s Hang Seng dropped by 1.7%.
After the US-listed stock expires on Friday it is theirs the worst every week for the first month of the month, futures markets reported that the blue-S&P 500 index could be down 0.5% in the first quarter.
Shares were outraged when traders resisted the rapid spread of the Delta version of Covid-19, which has affected the former developing countries. The move came amid growing uncertainty over the approach of centralized financial institutions to inflation in the US and UK.
Michael Hood, a global data analyst at JPMorgan Asset Management, said the rapid spread of the Delta species was “forcing investors to reconsider the virus at a time when many were happy to leave the issue”.
New York on Saturday filed more than 1,000 cases for the first time since mid-May, as governments in countries including Australia and Vietnam were fighting a growing epidemic, Singapore imposed sanctions on social media and the Tokyo Olympic Games were in full swing. going back and coronavirus.
Stoxx and the US S&P 500 recorded earlier this month to celebrate the coronavirus vaccine and companies are reaping the benefits of reopening the economy.
“Total accountability has come a long way,” said Ewout van Schaick, chief financial officer at NN Investment Partners. “It is now clear that HIV will lead to economic uncertainty in the coming months.”
The market is also struggling with how investors can curb economic growth as consumer prices in the US and UK rise dismissed unexpectedly in June. The US Federal Reserve is forced to spend $ 120bn on its monthly purchases which has fueled the epidemic market due to rising prices while UK lawmakers push Bank of England to repay its debt to the government.
Yields on the 10-year trend of the US Treasure bond, which moves in its price, fell by 0.02% to 1.275% when traders bought their assets.
The dollar, which measures the greenback against the larger currencies, gained 0.3 percent. The euro lost 0.2 percent against the dollar to $ 1.1781.
Brent crude, global oil, fell by 1.5% to $ 72.47 a barrel. The move came later Opec and its allies arrived at the deaL raising oil to address rising prices, announcing recovery plans for all that reduced the epidemic by the end of 2022.
Brent was already on board three-year-old of more than $ 74 barrels as demand this year, and it is unclear whether the Opec + cut would be enough to boost inflation in the hope that it is expected to rise again in the coming months.
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