{"id":105830,"date":"2020-10-14T11:49:24","date_gmt":"2020-10-14T10:49:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105830"},"modified":"2020-10-14T11:52:25","modified_gmt":"2020-10-14T10:52:25","slug":"104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\/","title":{"rendered":"Pandemic Worries and Stimulus Progress Dictate the Market Trends"},"content":{"rendered":"<ul>\n<li>The US fiscal-stimulus -talks delay checks bullishness in all risk assets.<\/li>\n<li>COVID-19 a key concern in Europe.<\/li>\n<li>EU Stoxx 50 index hits a key resistance.<\/li>\n<\/ul>\n<p>The slow pace of stimulus-discussion progress in the US Congress and the pandemic related concerns across the world pulled down equities during the Asian session.<\/p>\n<p>Japan&#8217;s Nikkei 225 index stayed put in the green. Still, Australia&#8217;s ASX 200 index was in the red with a fall of 0.27 Percent even after Westpac Bank Consumer Sentiment Index October reading clocked its highest level in the last two years.<\/p>\n<p>Commodity-linked Australian and New Zealand dollars performed better than its competitors while the US Dollar and Japanese Yen traded steady.<\/p>\n<p>Gold prices are near 1900 dollars for an ounce, crawling back after a fall of 1.6 Percent yesterday and the 10-year US Treasury yields held steady.<\/p>\n<p>Euro-zone&#8217;s August industrial production figures and the US PPI data for September are due today.<\/p>\n<p>The recovery hopes in the euro-area have taken a hit after a record increase in coronavirus cases prompted governments to tighten restrictions. The World Health Organization\u2019s report of 700,000 new infections in the week ending October 11 triggered the worries.<\/p>\n<p>In France, the seven-day rolling average of the new infection numbers climbed to the highest level since the start of the pandemic, while Italy recorded the highest spike in cases since March.<\/p>\n<p>The local restrictions might not be seen as enough by the administrations, and a nation-wide lockdown looks possible across European nations. The Czech Republic, the Netherlands and France are in this transition phase, according to the University of Oxford&#8217;s Government Response Stringency Index.<\/p>\n<p>German Chancellor Angela Merkel echoed this sentiment and said: &#8220;we cannot squander what we&#8217;ve achieved in the last few months&#8221;. She is slated to meet with other EU leaders later today to discuss the right path ahead in the face of a second-wave of coronavirus.<\/p>\n<p>Even though a move towards further restrictions might be plausible, the number of deaths isn&#8217;t anywhere near the levels seen in March and April; so any limits will have to weigh the economic cost.<\/p>\n<p>The disconnect between infections and deaths cannot be a reason for solace, and we have to be very careful, according to the World Health Organization&#8217;s health emergencies program, Mike Ryan.<\/p>\n<p>The markets are glued to the developments in the pandemic progress, and it would drive near-term price action; any spike in death could hamper risk assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US fiscal-stimulus -talks delay checks bullishness in all risk assets. COVID-19 a key concern in Europe. EU Stoxx 50 index hits a key resistance. The slow pace of stimulus-discussion progress in the US Congress and the pandemic related concerns across the world pulled down equities during the Asian session. Japan&#8217;s Nikkei 225 index stayed [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":100217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[2490,2335,1397,3009,2496],"class_list":{"0":"post-105830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-angela-merkel","9":"tag-covid-19","10":"tag-us-dollar","11":"tag-us-fiscal-stimulus","12":"tag-who"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pandemic Worries and Stimulus Progress Dictate the Market Trends - 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\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Pandemic Worries and Stimulus Progress Dictate the Market Trends\",\"datePublished\":\"2020-10-14T10:49:24+00:00\",\"dateModified\":\"2020-10-14T10:52:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/\"},\"wordCount\":405,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/testing-vaccine-coronavirus.jpg\",\"keywords\":[\"Angela Merkel\",\"covid-19\",\"us dollar\",\"US fiscal stimulus\",\"WHO\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104541-pandemic-worries-and-stimulus-progress-dictate-the-market-trends\\\/\",\"name\":\"Pandemic Worries and Stimulus Progress Dictate the Market Trends - 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