Live Markets: COVID-19, China COVID measures knock futures
13/06/2022 07:40
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COVID-19, CHINA COVID MEASURES KNOCK FUTURES (0630 GMT)
European futures are pointing to a start of the day in the
red for bourses across the region mirroring Asia stocks, which
fell on the back of red-hot U.S. inflation and a COVID-19
warning from Beijing.
Worries that rising inflation will encourage the Fed to act
with even more aggressive policy tightening has pushed European
futures .STXEc1 down 1.8%.
Spurring concern of more growth-strangling lockdowns,
Beijing's most populous district of Chaoyang announced on Sunday
three rounds of mass testing to quell a "ferocious" COVID-19
outbreak that emerged at a bar in a nightlife and shopping area
last week. urn:newsml:reuters.com:*:nL1N2XZ00Y
In the meantime, Britain's economy unexpectedly shrank in
April, official figures showed on Monday, three days before the
Bank of England announces the scale of its latest interest rate
response to the surge in inflation. urn:newsml:reuters.com:*:nL8N2Y00SH
(Joice Alves)
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