Markets hit hard on concerns over COVID and the election aftermath
Thursday 29th October 2020US equities have been hit hard today, the third day of losses, with the US dollar rising. NAB’s David de Garis said the markets hit the decks running as they opened in Europe, running away from risk. There’s growing concerns about the rising COVID infection rates, and, more significantly, rises in death rates in Europe and the US. Macron could be about to announce a significant lockdown of the French economy soon. Meanwhile, although Biden is still expected to win the US election next week, there are growing concerns about how clear the win will be, and whether…
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