European shares opened lower on Monday as market sentiment remains subdued with stock traders bracing for another busy week. The deadly virus is still having a strong impact on markets despite the global monetary and fiscal response.
Increasing COVID-19 cases around the world recently have led to some renewed lockdown and quarantine measures, especially in Europe where travel and leisure shares remain the most impacted sector. Ryanair and EasyJet are the worst performers on the Stoxx-600 Index this morning after the UK decided to impose restrictions on travellers from Spain.
Meanwhile, investors patiently wait for this week’s Fed meeting where a more dovish tone supporting the economy is widely expected. In addition, everyone will also cautiously monitor the new batch of corporate earnings this week with results from like Apple, Amazon, Alphabet.
Pierre Veyret– Technical analyst, ActivTrades
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