Oct 29, 2020 7:00:00 AM | LGT Navigator
LGT Navigator: Second corona wave drives stock markets under water
The dramatic increase in the spread of the coronavirus and fears that renewed lockdowns could ruin the already fragile economic recovery are causing increasing nervousness on capital markets. Stock markets slipped sharply again yesterday, as individual countries such as France have decided on an effective lockdown, while others, such as Germany and Switzerland, are trying to prevent a complete standstill with at least a broad slowdown. In addition, investor nervousness is becoming increasingly noticeable shortly before the elections in the US. Today's focus will be on the ECB and a series of corporate earnings reports.