{"id":105132,"date":"2020-09-22T17:45:34","date_gmt":"2020-09-22T16:45:34","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105132"},"modified":"2020-09-23T05:32:23","modified_gmt":"2020-09-23T04:32:23","slug":"104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\/","title":{"rendered":"EU Stoxx 50 Vulnerable: Resurging COVID-19 Fuels Volatility"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The mood in the market soured sending equity markets lower again in the Asian session. Rising coronavirus cases prompting second wave fears, in addition to a lack of Progress by US lawmakers to agree to more fiscal support dragged on sentiment<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The safe haven US Dollar and Japanese Yen extended gains versus major peers, whilst the risk-sensitive Australian Dollar tumbled sub $0.72 after the Reserve Bank of Australia Deputy Governor, Guy Debelle, hinted towards additional monetary stimulus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold and silver moved lower, as did US 10-year Treasuries yields. The rising US Dollar weighed on commodity prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, Federal Reserve Chair Jerome Powell will give a semi-annual testimony before the Senate Committee. US existing home sales for July will also be under the spotlight.<\/span><\/p>\n<p><b>Risk Appetite hit by covid fears<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Fears are growing that tighter restrictions in several European countries could derail the Eurozone\u2019s economic recovery and could see risk assets come under pressure if the covid outbreak isn\u2019t contained..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">France, Germany, Spain and Italy have avoided tightening lockdown restrictions despite covid cases jumping over the past 6 weeks, in an attempt to protect their economies..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The World Health Organization\u2019s regional director for Europe \u2013 Hans Kluge \u2013 warned that the situation in Europe is serious and alarming.\u00a0 Another economically ravaging lockdown almost seems inevitable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, local authorities in Madrid, Spain and Nice, South of France have announced a restriction on gatherings, park access and public areas in a bid to stem the spread of the virus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The VDAX Index\u2019s \u2013 the DAX 30 Volatility Index has soared in line with tightening restrictions surging from the February breakaway gap on September 16. This points to deteriorating sentiment<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A worsening health situation could continue to stoke volatility and limit the upside of regional markets<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mood in the market soured sending equity markets lower again in the Asian session. Rising coronavirus cases prompting second wave fears, in addition to a lack of Progress by US lawmakers to agree to more fiscal support dragged on sentiment The safe haven US Dollar and Japanese Yen extended gains versus major peers, whilst [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5316,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380],"tags":[1395,1393],"class_list":{"0":"post-105132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"tag-eur","9":"tag-euro"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Stoxx 50 Vulnerable: Resurging COVID-19 Fuels Volatility - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EU Stoxx 50 Vulnerable: Resurging COVID-19 Fuels Volatility\",\"datePublished\":\"2020-09-22T16:45:34+00:00\",\"dateModified\":\"2020-09-23T04:32:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/\"},\"wordCount\":297,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100876-gbp-eur-work-on-brexit-to-be-done.jpg\",\"keywords\":[\"eur\",\"euro\"],\"articleSection\":[\"EUR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104410-eu-stoxx-50-vulnerable-resurging-covid-19-fuels-volatility\\\/\",\"name\":\"EU Stoxx 50 Vulnerable: Resurging COVID-19 Fuels Volatility - 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