LegacyFX Blog
  • Home
  • Education
  • Forex
  • Cryptocurrencies
  • Commodities
  • Indices and Stocks
  • Market Opportunities
  • Company Updates
No Result
View All Result
  • Home
  • Education
  • Forex
  • Cryptocurrencies
  • Commodities
  • Indices and Stocks
  • Market Opportunities
  • Company Updates
No Result
View All Result
LegacyFX Blog
No Result
View All Result
Home Forex

European Stocks and Pound Slump on New Virus Emergence

December 21, 2020
in Forex, Indices and Stocks
0
152
SHARES
1.9k
VIEWS

As a new strain of the coronavirus batters the United Kingdom, European stocks tumbled yesterday; as a result, causing trepidation with regional neighbors as they suspend travel with the nation ahead of the holiday season and following another missed Brexit talk. This mutant strain of the COVID-19 virus also overshadowed any earlier optimism for investors due to positive news over vaccine rollouts and stimulus packages.

Today’s impact of this new strain dragged travel and energy shares in the Stoxx Europe 600 Index down by 2% as Italy, the Netherlands, Belgium, France, and other European Union nations closed their borders to Britain. This, along with the fact that more than 16 million Britons are now under full lockdown and ongoing trade talks with the EU, has also impacted the GBP, causing it to slump by nearly 2%. Another commodity that saw a significant decrease today was Crude oil, as it fell by approximately 4%. Only some havens like treasuries, the dollar, and gold saw some slight advancements.

Elsewhere, equity futures in the United States dipped following Congress reaching a consensus on a $900 billion stimulus support deal for its economy, which the House of Representatives is expected to vote on today. While, for the most part, major Pacific and Asian equity markets were little changed, Thailand was one of the worst-performing equity markets globally. This is notably seen with its SET index sinking by 3.7%, as the country also braces for extended restrictions amid surging virus cases.

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Tags: COVID-19downFallGBPLockdownstockvirus

Welcome to the LegacyFX Blog

Welcome to the LegacyFX blog!
Here we write about everything related to Forex, stocks, and finances. Visit the company updates section for the latest news about the brand.

  • Trending
  • Comments
  • Latest
LegacyFX Presents PAMM Accounts

LegacyFX Presents PAMM Accounts

December 3, 2020
LegacyFX Presents PAMM Accounts

LegacyFX Expands to South Africa and Appoints Marius Grobler as Managing Director

November 18, 2020
World Stocks Ease Following Increased COVID-19 Cases

World Stocks Ease Following Increased COVID-19 Cases

November 20, 2020
S&P 500 Obtains Tesla

S&P 500 Obtains Tesla

November 30, 2020
Inauguration Inheritance

Inauguration Inheritance

0
LegacyFX Sponsors Larnaca Charity Event

LegacyFX Sponsors Charity Event

0
LegacyFX’s New Offerings

LegacyFX’s New Offerings

0
LegacyFX Participates in the Larnaka Marathon

LegacyFX Participates in the Larnaka Marathon

0
Inauguration Inheritance

Inauguration Inheritance

January 20, 2021
Netflix’s Unbeatable Run

Netflix’s Unbeatable Run

January 20, 2021
LegacyFX Presents PAMM Accounts

LegacyFX Partners with Sum and Substance Ltd.

January 14, 2021
2021 Investment Vision

2021 Investment Vision

January 5, 2021

Vist Us:


Go to LegacyFX Website


Trade with LegacyFX

About LegacyFX

The website is owned and operated by LegacyFX, a multi-asset trading specialist. LegacyFX is a substantially regulated Forex broker and it provides traders trading services, platforms, and education.

Contact Us: support@legacyfx.com 

Archives

  • Home
  • Education
  • Forex
  • Cryptocurrencies
  • Commodities
  • Indices and Stocks
  • Market Opportunities
  • Company Updates
  • About Us
  • #205 (no title)

Copyright © 2020 - All Rights Reserved

Disclaimer: All content, posts, articles, pictures, links, and information published here and throughout LegacyFX’s Blog are for informational purposes only and do not constitute an official opinion or call-to-action by LegacyFX. Opinions and information presented here may not coincide with other market reports and experts. Nothing presented should be construde as investment advice, recommendation, or suggestion to perform an actions with a financial instruments. The company carries zero influence over any markets and signals. Therefore, the company cannot be held liable for nor guarantee any profits or losses.

All content rights reserved. When copying or republishing the materials presented here, a link to blog.legacyfx.com or attribution in the format of "Provided by LegacyFX Blog" is required. Failure to comply with this rule may result in legal action. For general questions, please contact us via the form on the "Contact Us" page.

No Result
View All Result
  • Home
  • Education
  • Forex
  • Cryptocurrencies
  • Commodities
  • Indices and Stocks
  • Company Updates
  • About Us
  • #205 (no title)

Copyright © 2020 - All Rights Reserved

Disclaimer: All content, posts, articles, pictures, links, and information published here and throughout LegacyFX’s Blog are for informational purposes only and do not constitute an official opinion or call-to-action by LegacyFX. Opinions and information presented here may not coincide with other market reports and experts. Nothing presented should be construde as investment advice, recommendation, or suggestion to perform an actions with a financial instruments. The company carries zero influence over any markets and signals. Therefore, the company cannot be held liable for nor guarantee any profits or losses.

All content rights reserved. When copying or republishing the materials presented here, a link to blog.legacyfx.com or attribution in the format of "Provided by LegacyFX Blog" is required. Failure to comply with this rule may result in legal action. For general questions, please contact us via the form on the "Contact Us" page.