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LIVE MARKETS-Morning call: Covid risk-off

Mon, 26th Oct 2020 06:39

* European shares seen down sharply
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European shares were set to start the week in a clear
risk-off mood as Covid infections are surging rapidly across the
region, prompting new social restrictions that could hurt the
economic recovery.

Over the weekend Spain imposed local nighttime curfews and
banning travel between regions in some cases, while Italy
ordered bars and restaurants to close early and shut public
gyms, cinemas and swimming pools.

France registered a record 52,010 new confirmed coronavirus
infections over the past 24 hours.

Meantime in the United States, which saw its highest ever
number of new COVID-19 cases in the past two days,
there was no clear progress on a stimulus package.

Euro STOXX 50 futures were last down 1%, DAX futures down
1.3% and FTSE futures down 0.6%.

(Danilo Masoni)


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