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Stock markets tumbled Wednesday as Coronavirus cases surged throughout Europe sending the European stock indices sharply lower. The German DAX - 4.4%, French CAC40 -3.69% and Italian FTSE MIB -3.6% leading the UK, Europe and US indices all into deep red territory.

EU Covid Tests 10 28

Covid cases have been soaring in Europe, overtaking the US per 100.000 a few weeks ok and has since accelerated. From there restrictions are being put in place and tones of fear have taken over.

European Stock Indice Closes:

  • France CAC40 -3.69%
  • Germany DAX -4.42%
  • Italy FTSE MIB -3.6%
  • Spain IBEX -2.5%
  • UK FTSE 100 -2.84%

France CAC40 

France CAC 10 28 Daily

Germany DAX30

Germany DAX 10 28 Daily

Spain IBEX35

Spain IBEX 10 28 Daily

UK FTSE100

UK FtSE 10 28 Daily

Coronavirus New Cases in Europe:

Country - Number of cases - Increase today (10/28/2020)

  • Austria 89,496 +3,394 82
  • Belgium 347,289 +13,571
  • Croatia 40,999 +2,378
  • Czechia 292,280 +8,247
  • Denmark 43,174 +1,017
  • Estonia 4,590 +125
  • Germany 479,463 (record increase) +16,044 
  • Hungary 65,933 +2,291
  • Ireland 59,434 +667
  • Italy 589,766 (record increase) +24,991
  • Latvia 5,144 +251
  • Lithuania 12,138 +776
  • Netherlands 319,991 +8,102
  • Poland 299,049 +18,820 40
  • Portugal 128,392 +3,960
  • Romania 222,559 +5,343
  • Slovakia 48,943 +2,887
  • Spain (record increase) 1,194,681 +19,765
  • Switzerland 135,658 +8,616
  • UK 942,275 +24,701 

EU Covid positivity 10 22 20

As of 28 October 2020, 6 466 450 cases have been reported in the EU/EEA and the UK:

France (1 198 695), Spain (1 116 738), United Kingdom (917 575), Italy (564 778), Germany (464 239), Belgium (347 195), Netherlands (311 532), Czechia (284 033), Poland (280 229), Romania (217 216), Portugal (124 432), Sweden (115 785), Austria (87 746), Hungary (65 933), Ireland (58 767), Slovakia (46 056), Bulgaria (42 701), Denmark (42 157), Croatia (38 621), Greece (32 752), Slovenia (25 603), Norway (18 341), Finland (15 163), Luxembourg (14 884), Lithuania (11 362), Malta (5 685), Latvia (4 893), Iceland (4 574), Estonia (4 465), Cyprus (3 817) and Liechtenstein (483).

As of 28 October 2020, 213 207 deaths have been reported in the EU/EEA and the UK:

United Kingdom (45 365), Italy (37 700), France (35 541), Spain (35 298), Belgium (11 038), Germany (10 183), Netherlands (7 132), Romania (6 574), Sweden (5 918), Poland (4 615), Czechia (2 547), Portugal (2 371), Ireland (1 890), Hungary (1 578), Bulgaria (1 161), Austria (1 006), Denmark (709), Greece (593), Croatia (470), Finland (354), Norway (280), Slovenia (192), Slovakia (176), Luxembourg (147), Lithuania (141), Estonia (73), Latvia (63), Malta (55), Cyprus (25), Iceland (11) and Liechtenstein (1). *United Kingdom: from 3 October 2020, due to a technical issue, COVID-19 cases from 24 September to 1 October will be reported by British authorities in the coming days. On 2 October 2020, authorities in Ireland retrocorrected the total number of COVID-19 deaths leading to a negative value for the deaths reported on 3 October 2020. From end of August 2020, Swedish authorities are performing daily data consolidation leading to data retro-

Covid US EU 10 18 2020

Lockdown Updates

Germany 

Comments From Merkel

  • The speed of the virus spread is especially high, and we are seeing exponential growth.
  • Numbers in intensive care units have doubled over the past 10 days in many areas
  • We are no longer able to track and trace because of capacity limits
  • Curve must be flattened again
  • Germany is set to shut parts of the economy down to curb the virus starting on Nov 2.
  • To include closing bars, restaurants and leisure facilities through the end of November

France

Comments from Macron

  • All regions are now in high alert regarding covid
  • Virus circulating more quickly than forecast
  • We have taken difficult steps but these aren't enough If we don't take drastic action then our doctors will be overwhelmed
  • Second wave likely to be worse than first wave
  • France will have 9000 patients in ICU by mid-November
  • Moving between regions will not be possible
  • New measures to take place Friday and last until Dec 1
  • Measures to ease once daily infections fall below 5000
  • Work from home will be generalized
  • Universities will go online
  • Bars and restaurants to shut
  • The economy must not stop
  • Schools will stay open
  • External borders to be closed
  • Non-essential retailers to close

Switzerland

  • New COVID measures
  • Discos and bars to close nationwide Bars and restaurants to close at 11 pm

EU

European Commission president, Ursula von der Leyen

  • Urges governments to step up response to the pandemic
  • Spike in virus infections is 'alarming'
  • Now is not the time to relax virus measures
  • Coronavirus cases will increase in the next 2-3 weeks

Source; Reuters, worldometers, ECDC

From The TradersCommunity News Desk

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