⁍ Oil prices fell more than 3%, the dollar rose against a basket of peers and an index of emerging market currencies fell by the most in six months.
⁍ Britain is considering a second national lockdown as new cases rise by at least 6,000 per day.
⁍ The U.S. presidential campaign was upended late Friday after U.S. Supreme Court Justice and liberal icon Ruth Bader Ginsburg died.
– The Dow Jones Industrial Average fell more than 500 points on Friday, its worst single-day loss in more than two years, as investors worried about economic slowdowns in China and Europe and the fallout from Ruth Bader Ginsburg’s death. On Monday, the Dow fell more than 400 points, or 1.6%, while the S&P 500 and Nasdaq dropped more than 2% each, per MarketWatch. Markets in Europe and Asia were also in the red, notes Reuters, with the pan-European STOXX 600 down 3% and the euro down 1.9%. Falling oil prices also weighed on investors. “It just kind of crowds out the agenda, the idea that we are going to get a fiscal stimulus package before the election,” says Ed Campbell, portfolio manager at QMA in Newark, New Jersey. “There is also just general election-related jitters … and possibly that we have a contested or delayed outcome.”
Source: https://www.reuters.com/article/us-global-markets/traders-shun-risky-assets-as-new-lockdowns-loom-idUSKCN26C00J