European markets are showing a decline due to new data on COVID-19

Several countries have seen an increase in the number of fatalities, and this has affected the position of investors.

European markets changed course on Wednesday after two days of gains, while optimism about the development of the pandemic situation moderated due to reports of a growing number of deaths.

Britain’s FTSE, Paris’s CAC-40, and Frankfurt’s DAX all lost more than 1 percent by Wednesday afternoon. In Asia, markets showed mixed dynamics: by the end of trading, losses were recorded in Australia, Hong Kong, Seoul, and Shanghai, while the Japanese Nikkei index closed up 2 percent.

Meanwhile, futures for the US Dow Jones, S&P 500 and NASDAQ indexes are showing growth, as are oil prices. The price of us crude oil on Wednesday exceeded the $ 25 per barrel mark, losing 9.4 percent the day before, and benchmark Brent oil added just over $ 1, to close above the $ 32 per barrel mark.

Over the past two days, financial markets have shown growth due to optimism about a decrease in the number of infections and deaths in some countries. However, on Tuesday, their number increased in the UK, France, some Eastern European countries, Sweden, Japan, and the US.

At the moment, there are about 1.5 million confirmed cases of COVID-19 infection and more than 82,000 deaths worldwide.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor