The Western market appears to be set to end the week with sour notes. FTSE is closed and will go low for nine days as both US and European equivalents weather similar drops.
FTSE was one of the worst casualties of the day, revealing that UK GDP fell 2.6% in November as UK Swas faced a second national lockdown and marked the end of six months We are pondering new National Bureau of Statistics (ONS) data that reveals what has happened. Long-term growth for a struggling economy. The index fell -1.18% over the day at 6,721.95 points (16:18 GMT).
Despite all the talk around President Joe Biden’s 1.2 tonne economic relief package, Dow Jones emerged unimpressed, with yesterday’s claims of unemployment rising to the highest level since last August It seems they agree with the news that they are doing it. It’s close to the 1 million mark. The US index fell by -0.70% to 30,774.03 points (GMT 16:19).
On the continent, DAX had particularly rough days. The DAX fell 1.83% to 13,732.79 points (GMT 16:23) as German pharmaceutical company Pfizer announced it would cut vaccine delivery to the EU when renovating major production plants (GMT 16:23). (Disappointing the German Ministry of Health) and CAC also 1.51% to 5,595.21 (GMT 16:24).
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Commenting on today’s market performance, Spreadex’s Connor Campbell said:
“The market suffered from a sophomore slump in the second week of the year, resulting in a significant loss this Friday afternoon.
“We are aware of the difficulty of achieving something in the American political system. Not to mention when you’re trying to fire each of your resignation presidents, investors are Joe Biden’s $1.9 trillion Covid-19 stimulus We welcomed the plan by saying, “We will see it.”
“Unfortunately, that meant that attention remains on a few rough days for our data. From Sky High High Jobless claims on Thursday, it was the worst since the end of August, with 1 million people. is at risk by the mark.
And, ongoing concerns about the UK, South Africa and Brazilian variations of Covid-19 appear to continue to feel cautious about investors when it comes to European indicators. .
“It won’t always look easy on the market next week,” Campbell said. “If they can pull themselves out of this new year, Nosedive is definitely something they do to do two things. The inauguration of Biden, which was mixed up, will be taken by the new Potus, and Democrats will be making a bill. How fast can you get down to the dirty business to pass the office.
