Global stocks tumbled on Monday, as investors dumped risk assets, with COVID-19 cases rocketing in the US and Europe, while the stimulus saga dragged on.
The US marked a new milestone in the past few days, recording around 83,700 new COVID-19 cases each day. While the fatality rate has been flat, top scientists warn that it tends to lag cases by two weeks. In Europe, Spain and Italy introduced their strictest measures since national lockdowns ended in May.
"Fortunately, there are several vaccines in the pipeline, or we could have been looking at a pretty significant market reset this morning with COVID-19 flash points flaring up in virtually every corner of the globe this weekend," said Stephen Innes, chief global market strategist at Axi.Global stocks tumbled on Monday as investors dumped risk assets, while an ongoing surge of COVID-19 cases across Europe and the US dampened sentiment.
The US stimulus saga continues to drag on, as House Speaker Nancy Pelosi and White House chief of staff Mark Meadows accused each other of"US futures tied to the
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Donald knows he's losing so he doesn't give a fauq about the economy now.
Boo f**king hoo. Wall Street isn't the economy. TaxTheRich