Tag: edgy

Markets edgy as Covid-19 restrictions tighten – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Covid-19 fears are weighing on the financial markets again today, as rising infections put governments under pressure to consider fresh, tougher restrictions to combat the pandemic.

Overnight, the number of infections worldwide has passed 38 million, with cases still rising sharply. In France, president Emmanuel Macron, is expected to make a significant announcement about additional national lockdown measures later today.

Yesterday, the Netherlands government ordered a partial lockdown after seeing cases surge, with PM Mark Rutte warning “That hurts, but it’s the only way.”

Caroline de Gruyter

Guess which country is, concerning Covid, the most problematic in Europe right now? pic.twitter.com/sbSGmSNBY8

October 13, 2020

Rutte’s plan includes the closure of bars and restaurants, and limit on the size of social gatherings.

We’re also expecting Northern Ireland to announce wide-ranging

Read More

Markets may be edgy; Vodafone Idea, Reliance shares in focus

MUMBAI: Indian markets are likely to be on the edge on Monday following global peers. Trends in the SGX Nifty suggest a negative start fo Indian benchmark indices.

On Friday, the BSE Sensex ended at 38,357.18, down 633.76 points or 1.63%. The 50-share index Nifty was at 11,333.85 shedding 193.60 points or 1.68%.

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply.

World shares hit a record high last week as central bank stimulus drove asset valuations to heady levels. The rally has since cooled as tech stocks sold off while worries over patchy economic recovery dogged investors.

Promoters of Vodafone Idea Ltd are staring at a sharp erosion of their shareholding if the telco’s fundraising plans bear fruit, given the company’s relatively low market

Read More