European stocks fall for third session, US stocks fall as stimulus monitoring continues
European stocks fell on Wednesday, with earnings news obscured by the spread of the COVID-19 epidemic in the region and investor concerns about stimulus improvement in the United States, while Wall Street equity futures slipped red.
Goes to third straight loss session, Stokes Europe 600 index SXXP,
After falling 0.4% on Tuesday, it is down nearly 1%. German DAX DAX,
French CAC 40×1,
Less than 1%, FTSE 100 UKX,
Fell 1.2%. Oil price CL00,
Was less than 1%.
US stock futures ES00,
The Nasdaq-100 became lower, with the future NQ00,
Video Team Netflix NFLX, Leading Decline After Streaming,
Disappointed late Tuesday, Stocks fall in booking trading.
Wall Street stocks closed on Tuesday, but the session peaked as investors saw improvement in a new round of financial stimulus to counter the economic downturn from the epidemic.
Representatives of the White House and Speaker of the House Nancy Pelosi both said Enough progress was made on Tuesday to justify further negotiations on Wednesday, with the aim of getting a set of votes before the November 3 election.
But a major risk to a deal could come from Senate Republicans. The Washington Post reports that Senate Majority Leader Mitch McConnell advised his fellow Republicans at a dinner party Tuesday against the White House’s pre-election deal.
“If Republican Senate President Mitch McConnell refuses to introduce a bill, the stimulus is dead in the water until after the U.S. election,” Jeffrey Halle, Onda’s senior market analyst, told clients.
“More than two months and a lifetime in the massive project of 2020,” he said. “Financial markets simply ignore this real and obvious risk …”
Rising corona virus cases on both sides of the Atlantic continue to weigh on investors. In Spain, the authorities Is said to be under consideration A nationwide curfew will echo the efforts of other European countries to fight the autumn epidemic.
Christine Lagarde, president of the European Central Bank, expressed new concern over the second wave.
“I think most scientists and various scientific organizations expected the virus to re-emerge in November and December, with factors that have nothing to do with the virus in cold weather,” Lagarde said. In previously posted comments Released on Tuesday, for an interview with the French news channel LCI.
“But it has come before, from that point of view it is a surprise and of course it is not good,” he said.
Data shown UK annual inflation rose to 0.5% in SeptemberAgainst a 0.2% rise in August, the Office for National Statistics said. After the end of the government’s Eat to Help Out program, lower food prices, higher transport costs and higher prices at restaurants contributed to this increase.
The pound rose 0.8% to $ 1.3049 after EU chief negotiator Michael Barnier said it was a trade deal with the UK. “Within reach” If both sides can work hard to overcome the “sticky points” in the coming days.
Investors were also absorbing the new crop of returns.
Shares of LM Ericsson ERIC,
Swedish telecommunications equipment maker rose 8% Supported its full-year team goals And announced stronger-than-expected profits. Ericsson saw limited impact from COVID-19 and increased demand for 5G.
Shares rose 8% after Dutch recruitment reported a drop in third-quarter net profit, but Revenue saw a partial recovery By an epidemic. The company said the modules point to a more positive pace in early October.
Sales were reported to have fallen in the first nine months of the year, but the Swiss food company raised full-year guidance as demand for home-made products remained strong. Shares of Nestle rose 1%.
Shares of Sentamine CEY,
London and Toronto-listed miners fell 12% after Low gold production and sales report In the third quarter.