General
ASX to keep falling as US and European markets take a COVID-19 hit
The Australian share market is set to keep falling again today, as a new and highly infectious strain of COVID-19 in the UK hits European and US stocks.
The ASX 200 closed flat yesterday in the face of a fresh outbreak of the pandemic here in Sydney.
As of 6:30am, futures in the benchmark are 0.5 per cent down at 6,569 points.
The Australian dollar is currently 0.4 per cent down to 75.93 US cents.
That comes after stocks in the US and Europe took a hit in the face of the new strain of COVID-19.
Rapidly spreading infections in southern England are being blamed on a new, highly-infectious coronavirus variant. Countries across the world have halted air travel to the UK, while France has banned trucks from entering for 48 hours.
European…
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