Financial markets: growth in Europe, the decline in Asia

Oil markets started the day sluggish, but later partially regained their positions.

European markets on Monday showed mostly positive trends, while Asian markets closed down due to a pessimistic assessment of the prospects for economic recovery after the pandemic.

London’s FTSE index added 0.2 percent, Paris’s CAC-40 was almost unchanged, and Frankfurt’s DAX rose 0.3 percent.

Earlier, Tokyo’s Nikkei index lost 2.3 percent, Hong Kong’s Hang Seng lost 1 percent, and Shanghai’s SSE Composite lost 0.6 percent.

Sydney’s S&P/ASX closed down 1.6 percent, Seoul’s KOSPI fell 1.9 percent, Taiwan’s TSEC fell 1 percent, and Mumbai’s Sensex fell 0.6 percent.

Oil markets started the day sluggishly, but later partially regained their positions. US crude oil leveled off as a percentage, reaching $ 38.49 per barrel, while benchmark Brent crude is trading at $ 40.86 per barrel, losing 0.3 percent.

Financial markets started to recover slowly but surely against the background of the lifting of quarantine measures. Still, on Friday, US exchanges suffered significant losses due to a sharp increase in new cases of infection in the country.

Ahead of the opening of trading on Wall Street on Monday, futures for the Dow Jones and S&P 500 are showing growth, while the Nasdaq remains in the red.