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4,309.48 TRY Gold (gr) Gold (gr)

Coronavirus pressure dominates European markets

The coronavirus epidemic is at the center of the agenda in European markets.

Coronavirus pressure dominates European markets

After the increasing number of cases in Europe, Austria implemented the restrictions as of yesterday, while the concern that this situation could spread throughout the region and negatively affect the economic recovery is one of the factors that reduced the risk appetite.

Yesterday, according to the news feed based on the authorities, German Chancellor Angela Merkel stated that the fourth wave in the coronavirus epidemic was unlike anything they had encountered before, and expressed her concern that the capacity of the hospitals would be insufficient if they did not implement the restrictions.

"GERMANY'S ECONOMY TAKES THE WAY TOWARDS STAGE"


On the other hand, the German Central Bank (Bundesbank) announced that the German economy is "on the way to recession" due to the lack of intermediate goods and employees for production and new restrictions in the coronavirus epidemic.

Yesterday, the DAX 30 index in Germany decreased by 0.27 percent and the CAC 40 index in France by 0.10 percent, while the FTSE 100 index in the UK increased by 0.44 percent and the FTSE MIB 30 index in Italy increased by 0.78 percent.

The euro/dollar parity, on the other hand, continues to decline and is currently trading at 1.1230, the lowest level since July 2020.

 

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