Epidemic rebounds in Europe, potential blockade scares investors away

According to data from Johns Hopkins University in the United States, as of 8:00 am on September 22, more than 31.18 million people have been infected with the COVID-19 and more than 960,000 people have died.



Some European countries are facing a new peak of the epidemic. The senior scientific and medical adviser of the British government warned that 50,000 people may be infected with the COVID-19 every day next month, and the death toll will increase significantly. The consultants said they were facing a six-month battle.


The Italian Minister of Health Roberto Speranza announced on Monday that it will be mandatory for people travelling from Paris and other parts of France to be tested for the virus because of the new peak of the epidemic in France. Last week, France confirmed more than 10,000 cases in a single day. French officials admitted that the virus is still spreading freely and that the chain of infection is not well controlled. However, the increase in the number of confirmed cases is also related to the increase in the number of tests in France.


In addition, more than 10,000 people were diagnosed every day in Spain in the past week, and Madrid was the hardest hit area. Many European governments are also considering whether to block the economy again. Former French government officials said that the challenge facing the government now is to find a balance between revitalizing the economy and protecting people’s health.


Affected by this, global stock markets suffered heavy losses on Monday. The S&P 500 Index fell 1.2%. European stock markets fell even more, with Germany's Dax index falling 4% and London's FTSE 100 index falling 3.5%. At the same time, as investors seek safe-haven assets, the dollar exchange rate rose 0.7% to its highest point since July.

(Images from the internet)