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European markets under pressure after spike in Covid-19 cases

European equities and Euro remained under pressure as several European countries reintroducing fresh lockdowns. The EUR/USD slips to a new monthly low of 1.1730 on Monday and German DAX30 witnessed the largest daily loss since June 11th. The new Coronavirus cases across Europe and the UK now reached the highest level since April.

European markets under pressure after spike in Covid-19 cases

European equities and Euro remained under pressure as several European countries reintroducing fresh lockdowns. The EUR/USD slips to a new monthly low of 1.1730 on Monday and German DAX30 witnessed the largest daily loss since June 11th. The new Coronavirus cases across Europe and the UK now reached the highest level since April.

The Czech Republic has reported growth in coronavirus confirmed cases at Europe's second-fastest pace in recent weeks and on Monday Czech Health Minister Adam Vojtech submitted his resignation following criticism over his handling of the coronavirus pandemic.

On the other hand, England's chief medical officer Whitty has warned the rate of COVID-19 infections in the UK is "heading in the wrong direction" and the country is in a "critical point" in the pandemic. UK PM Johnson's office said Sunday that those in England who refuse an order to self-isolate could be fined as much as £10,000 (S$17,465).

The number of confirmed cases of coronavirus around the world have passed 31 million, of which more than 960 thousand died and over 21 million recovered.

 

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McAfee shares open below IPO price of $20

McAfee shares open below IPO price of $20

Cybersecurity firm McAfee returned to Wall Street on Thursday and it commenced trading on the Nasdaq under the ticker symbol “MCFE”. In this IPO transaction, McAfee sold 37 million shares and raised $740 million in funds. McAfee is an antivirus software provider that provides cyber security solutions for data centers and cloud services.

Snap stock hits all-time high today. Here’s why

Snap stock hits all-time high today. Here’s why

Snapchat's parent company Snap Inc (NYSE: SNAP) shares surged more than 20% on Wednesday in pre-market trading after the company reported better-than-expected third-quarter financial results. The Social media company registered a 52% increase in revenue at $679 million in its third quarter.