Market: In sharp decline, resurgence of Covid in China


Source: tradingsat.com tradingsat.com

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(CercleFinance.com) – The main European stock markets are in sharp decline this morning, Frankfurt yielding 1.4% followed by London (-2.1%) and Paris (-2.4%) in the wake of the American markets and of their dropout on Friday. The markets are strongly impacted by the confinements in China. Indeed, besides Shanghai, new local cases have been recorded in 17 other provincial-level regions on the Chinese mainland, according to Xinhua, raising fears of a new resumption of the pandemic and risks on exchanges. global. Investors should also watch closely the evolution of bond yields after their recent bout of fever in the middle...