European stocks fell on Wednesday, with earnings news surging due to investor concerns over the spread of the COVID-19 epidemic in the region and stimulus progress in the US, and Wall Street equity futures also slipped into the red.
In favor of the third straight losing session, Stokesx Europe 600 Index SXXP,
It went down about 1% after falling 0.4% on Tuesday. German DAX DAX,
Also fell 1%, while the French CAC 40 PX1,
Was just below 1%, and the FTSE 100 UKX,
Decreased by 1.2%. Oil prices CL.00,
Were below 1%.
U.S. Stock Futures ES00,
YM100,
Nasdaq-100 futures down with NQ100,
Streaming video group leading decline after Netflix NFLX,
Disappointed late on Tuesday as shares in premarket trading fell.
Wall Street equities were closed on Tuesday, but at the high end of the session investors saw progress in a new round of financial stimulus to combat the economic downturn from the epidemic.
White House representatives and House Speaker Nancy Pelosi both said enough progress was made Tuesday to justify further negotiations on Wednesday, with the aim of getting a vote on the package before the Nov. 3 election.
But the biggest risk to the deal could come from Senate Republicans. The Washington Post also reported that Senate Majority Leader Mitch McConnell told his fellow Republicans at a party lunch on Tuesday that he had advised the White House against the pre-election deal.
“If Republican Senate leader Mitch McConnell refuses to introduce the bill, the excitement is dead in the run-up to the U.S. election,” Jeffrey Haley, Onda’s senior market analyst, said in a note to consumers.
“More than two months away and a lifetime in the 2020 grand scheme,” he said. “Financial markets turn a blind eye to this very real and obvious risk …”
Rising cases of coronavirus on both sides of the Atlantic continued to weigh on investors. In Spain, officials are reportedly considering a nationwide curfew, which would stifle efforts to combat the fallout in other European countries.
Read: Boris Johnson brought the region under strict COVID sanctions as the Manchester lockdown coup failed
A fresh wave of concerns was raised by European Central Bank President Christine Lagarde.
“I think most scientists and various scientific institutes were expecting the virus to return in November and December, as well as factors that have nothing to do with the virus in cold climates. In the default comments On Tuesday, the French news channel released for an interview with LCI.
“But it has come before and from that point of view it was surprising and of course it doesn’t unfold well,” he said.
The data show that the UK’s annual inflation rate rose to.% Per cent in September, up from .2% in August Gust. Reducing food prices contributed to higher transportation costs and higher prices in restaurants after the end of the government’s Eat Out to Help Out program.
EU chief negotiator Michel Barnier reports that if the trade agreement with Yukiti is “within reach”, if both sides can work hard to overcome the “sticking points” in the coming days, the pound will rise 0.8% to 1.3049 dollars. Is gone.
Investors were also absorbing the new crop of earnings.
Shares of LM Ericsson ERIC,
Eric,
The Swedish telecommunications device maker backed its full-year group targets and rose 8% after recording higher-than-expected profits. Ericsson saw limited effects from COVID-19 and increased demand for 5G.
Randstad Rand,
The Dutch recruitment company said the third quarter saw a net profit, but the stock saw a partial recovery from the epidemic. The company said volumes in early October signaled a more positive momentum.
Nestl એન NESN,
NSRGY,
The first nine months of the year reported declining sales, but the Swiss food giant picked up a full year’s guidance as demand for home products remained strong. Shares of Nestle rose 1%.
Centamine C.Y.Y. Shares of,
Gold production plunged 12% in the third quarter after London and Toronto-listed miners registered sales.
.
