The global markets suffered heavy losses at the beginning of the week
The US
Even though Congress approved the $900 billion stimulus package, most markets closed in the red as they focused on the news from Europe. USA30 rose 0.20%, while USA500 was down 0.38%. TECH100 slipped 0.17%.
Crude oil fell 3.70%, hitting $47.42 per barrel.
Gold closed the session 0.3% lower at $1,882.90 per ounce.
Asia and Australia
HongKong45 inched down 0.08% after the country announced it would impose countermeasures in response to the US Commerce Department blacklisting roughly 70 Chinese companies.
Japan225 fell 0.56%.
Down under, Australia200 closed 0.21% lower after the country reported a resurgence in the number of COVID-19 cases.
Europe
The stocks tumbled on tighter COVID-19 restrictions in the UK and the travel ban imposed by multiple countries. Europe50 slipped 2.3%. Germany30 lost 2.3%, while UK100 dropped 2.1%.
Brent oil closed at $50.33 a barrel after it inched lower 3.69%.
EUR/USD traded 0.31% lower at 1.2217.
EUR/GBP went up 1.12% to 0.9170.
Sources: reuters.com, investing.com
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