Markets were mixed on Friday.
The S&P 500 fell 1.2 percent and the Shanghai Composite fell 1.5 percent but the STOXX Europe 600 rose 0.2 percent.
Strategists at MRB Partners wrote in a note that “mounting new economic restrictions, particularly in Europe, despite being forecastable and in lagged response to the re-acceleration in COVID-19 infections, only caught investors’ attention this week, triggering sharp losses”.
Indeed, EU officials warned Europe to be ready for wider COVID-19 restrictions.
“We need to pull through this, where needed, with restrictions on everyday life to break the chain of transmission,” said EU Health Commissioner Stella Kyriakides.
The US reported a record 91,248 new cases on Thursday and reached its 9 millionth case on Friday.
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