Lockdowns in Europe fuel investor fears regarding a slower economic recovery - Tuesday Review, March 23

By: Miguel A. Rodriguez

11:06, 24 March 2021

Shares slipped as Europe is fighting the third wave of COVID-19 infections

The US

Wall Street closed in the red amid fresh lockdowns in Europe, overshadowing Jerome Powell, and US Treasury Secretary Janet Yellen's supportive remarks regarding economic recovery. The two officials shrugged off inflationary pressure and reiterated the fact that the Fed is accommodating its monetary policy stance. USA30 fell 0.82%, and USA500 was down 0.66%. TECH100 lost 0.96%.

Crude oil fell 4.3% to $58.91 a barrel.

Gold settled down 0.8% at $1,725.10 per ounce.

The Dollar Index traded at 92.019.


Asia and Australia

HongKong45 fell 1.62%. Baidu made its debut, but it barely trading above its secondary listing price.

Japan225 traded 0.07% higher.

Down under, Australia200 was up 0.19%.



Germany30 dropped 0.4% after Chancellor Angela Merkel decided to extend the lockdown until April 18 and advised the citizens to stay home for five days over the Easter holidays.

UK100 traded 0.4% lower after the country's government extended its travel ban until July. Anyone who attempts to leave the country faces fines up to £5,000.

France40 lost 0.39%.

Brent oil traded at $63.90 per barrel after it lost 1.24%.

Sources: reuters.com, investing.com

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