Share

By Michela Coricelli

22 October

2020

Fears about the pandemic do not leave the European markets.


Negative openings for European stock exchanges: Milan lost 0.82%, London 0.82%, Frankfurt almost one and a half points and Paris 1.2%.


An important thermometer arrives from Germany.

German consumer confidence (GFK) drops in November (-3.1): optimism has completely vanished, three quarters currently believe that the Covid-19 pandemic represents an important or very important threat.



In Asia weak stock exchanges.

Tokyo closed down sharply at -0.70%.

The International Monetary Fund has revised down its estimates for Asia in 2020: China's push is not enough.



Closing down also for the last session of Wall Street: Dow Jones at -0.35% and Nasdaq -0.28%.

The third pre-election confrontation between Trump and Biden is also expected on the markets.