Equity bulls stumble as Covid fears grip investors

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The mood across European markets darkened on Tuesday as surging Covid-19 cases on the continent dented risk sentiment.

Austria reintroduced a national lockdown on Monday to curb new infections spreading across Europe. However, fears continue to mount over larger countries in Europe following Austria’s lead, with Germany at the top of the list.

Across the Atlantic, US futures are pointing to a negative open as investors evaluate Jay Powell’s nomination for a second term as Federal Reserve Chair. When considering how his renomination boosted rate hike expectations and propelled Treasury… Read More:

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