UK and European markets are lower this morning following US futures which fell overnight on election nerves and increasing coronavirus restrictions.
European stocks ended roughly flat on Thursday after swinging between gains and losses, as investors reacted to news on virus spread, earnings news and the European Central Bank’s policy statement.
The FTSE 100 is lower this morning after closing near the flat line at 5,582 on Thursday, its lowest level since April 6th, amid fears that new restrictive measures across Europe could hamper the region’s economic recovery. Prime Minister Johnson is being put under pressure for a new lockdown to tackle the second wave of infections, while Germany and France announced new rules to curb the spread of the pandemic.
US stocks rallied on Thursday with the tech-heavy Nasdaq showing a particularly strong upward move. The strength on Wall Street also came following the release of a report from the Commerce Department showing a stronger than expected rebound by the U.S. economy in the third quarter. The number of confirmed Covid-19 cases in the United States surpassed 9 million on Thursday.
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