Concerns about the economic recovery from the Corona crisis also appeared to dominate European stock markets on Wednesday. Stock markets mostly fell the previous day after new and stricter lockdowns in Europe due to the rapid rise in coronavirus cases. Investors fear that the Coronavirus measures will slow the recovery and that recovery prospects may be overly optimistic.
Based on the opening indicators, the Amsterdam AEX Index is heading to a negative start of the trading day. Elsewhere in Europe equity markets appear to open in red. Equity markets mainly declined in the Asian region on Wednesday, with heavy price losses for the Tokyo and Hong Kong stock exchanges.
In Germany, the number of new cases of corona has doubled during the past 24 hours compared to the previous day. The Robert Koch Institute (RKI) reported nearly 16,000 new cases Wednesday morning. On Tuesday, Chancellor Angela Merkel and the state’s prime ministers decided to extend the lockdown in Germany until April 18. Lockdowns have also been extended in the Netherlands, France and Italy.
Greece and Spain announced that they will open the doors to more foreign travelers. It will be possible again to travel to Spain from the United Kingdom, while Greece accepts vaccines from all European Union countries and Israel. In Greece, only vaccinated travelers must show that they have had an injection and do not have to quarantine or present a negative Corona test.
Avantium also produced annual numbers for Damrak. The tech company was able to nearly stabilize its sales in Corona 2020 and incur slightly less losses. CEO Tom Van Aken spoke of a year with great challenges. Due to the uncertainty surrounding the Corona crisis, the company makes no predictions for 2021.
Carrefour in the spotlight in Paris. The French supermarket group has reached an agreement with investor Advent International and US supermarket company Walmart regarding the acquisition of Grupo BIG Brasil. Carrefour pays nearly € 1.1 billion to the third largest supermarket chain in Brazil, cementing its position in the South American country.
The Euro was worth $ 1.1843, compared to $ 1.1860 the previous day. Oil prices recovered somewhat after the sharp drop on Tuesday. The price of a barrel of US oil is now 1 percent at $ 58.34. Brent oil price increased 1.2 percent at $ 61.54 a barrel.
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