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The global markets are at the mercy of COVID-19 - Monday Review, October 26

The global markets are at the mercy of COVID-19 - Monday Review, October 26

The world still expects a US stimulus package

The US

USA30 fell 2.3%, while USA500 went down 1.8%. TECH100 closed 1.6% lower. The drop was due to the record number of COVID-19 infections reported – more than 85,000.

Gold was up 0.1% at $1,903.55 per ounce.

The Dollar Index ended the day at 93.04 after it gained 0.3%.

Crude Oil and Brent each lost $0.73 and closed at $41.04 and $39.12 per barrel, respectively.

Asia and Australia

The markets fell after the world reported new cases of #COVID-19 infections. The fact that the long-touted US #stimulus package could probably happen after the US elections added fuel to the fire. Japan225 eased 0.09%.

HongKong45 was shy of a 1% drop.

Down under, Australia200 shed 0.18%.

USD/JPY gained 0.18% to 104.88.

Europe

Europe50 tumbled 0.5% after a couple of countries imposed new lockdowns to curb the spread of COVID-19. Germany30 dropped 2% after SAP poster lower-than-expected Q3 figures.

Italy40 fell 0.9% after new restrictions were imposed - bars and restaurants now function until 6 PM, while public gyms and cinemas close their doors to customers.

Sources: investing.com, reuters.com

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