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COVID-19 clawed its way into the global markets - Wednesday Review, October 28

COVID-19 clawed its way into the global markets - Wednesday Review, October 28

The second wave of COVID-19 convinced countries to impose new strict lockdowns

The US

USA30 fell 3.43%, marking the most significant daily decline since July. USA500 went down 3.52%, and TECH100 slumped 3.73%. The drops resulted from the new lockdowns rumored to curb the sharp rise in COVID-19 infections.

Crude and Brent Oil each lost 5% and settled at $37.39 per barrel, and $39.12, respectively.

Gold inched down 1.7% to $1,879.20 an ounce.

Asia and Australia

Japan225 was down 0.24% ahead of the Bank of Japan monetary policy announcement.

HongKong45 fell 0.46%.

Down under, Australia200 gained 0.31% after the country’s Consumer Price Index (CPI) rose 1.6% in the past quarter.

USD/JPY lost 0.21% to 104.19.

Europe

The benchmarks closed in the red after countries such as France and Germany announced lockdowns that will take effect starting Friday and Monday, respectively, to curb the second wave of COVID-19 infections.

Europe50 lost 3%. UK100 slipped 2.6%, reaching its lowest level since April 3.

Germany30 went down 4.1%, finishing at a level unseen since May 26.

Sources: marketwatch.com, investing.com

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