Monday, 12 October 2020

Markets gain amid rising COVID-19 cases

Markets rose last week, with the S&P 500 rising 3.8 percent and the STOXX Europe 600 rising 2.1 percent.

In advancing, stocks shrugged off reports of rising COVID-19 cases around the world.

On Friday, the US saw a total of 57,420 new cases, the most since 14 August, and the third consecutive day that cases exceeded 50,000.

Russia reported a record 13,634 cases on Sunday.

India reported 74,383 cases on Sunday, pushing its total caseload above 7 million.

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