European stock exchanges fell on the background of the second wave pandemics
Europe's leading stock indices completed trading on Tuesday in minus. DAX (Germany) lost 0.93%, FTSE 100 (UK) - 1.09%, CAC 40 (France) - 1.77%. Players are afraid of economic the consequences of the new wave of coronavirus, strengthened in Europe. The pandemic continues to be the main factor determining the dynamics on the stock markets. Growth in the number of diseases in the region leads to the strengthening of quarantine measures, which may cause the following. another blow to the economy, slowing down its recovery. In the UK and Spain, for example, where isolation has been declared in some regions, the French authorities are considering quarantining question. According to CMC analyst Michael Hewson, whose words quoted by Reuters, market participants have growing doubts about the ability of central banks and politicians to cope with the economic crisis the consequences of the pandemic. The uncertainty about further developments, especially in anticipation of winter, has increased, the expert notes.