Business
Markets fret as virus cases rise, stimulus talks stall – The Australian Financial Review
Markets fear a rising number of COVID-19 infections in Europe could spark further lockdowns, just as US stimulus talks stall a week out from the US election.
“The concern is eminating out of Europe where COVID numbers have skyrocketed,” said Perpetual head of investment strategy Matt Sherwood.
Perpetual’s Matt Sherwood: “The Aussie market will do reasonably better than the northern hemisphere.” Dominic Lorrimer
“People noticed last Friday the PMI for the services sector, outside of the COVID-19 plunge, is actually at its lowest level since the European debt crisis.
“People are now thinking Europe could be the canary in the coal mine for the US.”
France,…
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