Global stocks rise after China data soothes some nerves a day before the US election, partly offsetting tighter lockdowns in Europe | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Global stocks rise after China data soothes some nerves a day before the US election, partly offsetting tighter lockdowns in Europe

is expected to seek approval from the British parliament for a one-month lockdown to come into effect on Thursday across the whole of England, which is home to nearly 90% of the entire UK population, to curb an alarming spike in cases of COVID-19, which he said on Saturday was more severe than the government's reasonable worst-case scenario.and the euro, making it the worst-performing G7 currency of the day.

"On the growth outlook, a fourth-quarter contraction is now probable. November GDP will likely plunge by 6% to 10% m-o-m, as a result of tighter restrictions," Deutsche Bank analyst Sanjay Raja said. The UK has the worst death rate in Europe, with nearly 45,000 fatalities so far. The eurozone has seen large swathes of the population put under renewed restrictions, including France, Germany and Spain and economists are predicting a drastic decline in overall activity.

UBS has cut its annualized growth forecast for the eurozone to 3% from 8% for the fourth quarter of the year. Oil has fallen to its weakest in five months, as mobility restrictions have increased across much of Europe, which is biggest driver of demand for diesel fuel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes China data

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How witchcraft became a popular, lucrative global industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ConversationUS wow ConversationUS Uhhhh....witchcraft ?
Source: BusinessInsider - 🏆 729. / 51 Read more »