Domino

MARKETWATCH reports:

Buckling under the resurgence of the coronavirus in Europe, the Spanish government on Sunday declared a national state of emergency that includes an overnight curfew in hopes of not repeating the near collapse of the country’s hospitals.

Meanwhile, Italy’s leader imposed at least a month of new restrictions across the country Sunday to fight rising coronavirus infections, shutting down gyms, pools and movie theaters, putting an early curfew on cafes and restaurants and mandating that people keep wearing masks outdoors.

Spanish Prime Minister Pedro Sánchez said the decision to restrict free movement on the streets of Spain between 11 p.m.-6 a.m. allows exceptions for commuting to work, buying medicine, and caring for elderly and young family members. He said the curfew takes effect Sunday night and would likely remain in place for six months.

“The reality is that Europe and Spain are immersed in a second wave of the pandemic,” Sánchez said during a nationwide address after meeting with his Cabinet. “The situation we are living in is extreme.”

Worried about crippling Italy’s stagnant economy, especially after 10 weeks of a severe lockdown earlier in the pandemic, Italian Premier Giuseppe Conte opted against another heavy nationwide lockdown. The new decree goes into effect Monday and lasts until Nov. 24…

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Then Monday comes…

You may also want to read this: “Asian markets muted as coronavirus cases surge in U.S., Europe“.

And this: “Dow slides over 400 points as Covid-19 cases surge, stimulus remains stalled“.

This: “European markets close lower; tech sector down 7.4% as SAP shares tank“.

This: “Dow falls more than 800 points…“.

And this: “Oil drops on virus resurgence, Libyan crude rebound“.

(Last update @ 21.00 GMT, Monday, 26 October)

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