FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 15, 2020. REUTERS/StaffIreland announced some of Europe’s toughest COVID-19 constraints on Monday, while Italy, Spain and Britain also imposed curbs to limit the spread of new coronavirus cases that now threaten to derail a budding economic recovery.
“What we’re likely to see is concerns about near-term growth, and I wouldn’t be surprised if we saw weakness in markets on the back of that,” said Nick Peters, multi-asset portfolio manager at Fidelity International. “Thinking 6-12 months out, we’re assuming that local lockdowns will be successful and there should be better news about vaccine.”
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