Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Locks in Europe are a warning to the United States

Locks in Europe are a warning to the United States

What’s going on: Paris imposed a curfew for one night. In London, people from different households are forbidden to meet indoors. The measures are an attempt to halt the rapid rise in Covid-19 cases across the continent as hospital capacity becomes a problem again.

Shares in London, Paris, Milan and Frankfurt sold out sharply on Thursday before recovering on Friday. Markets are not sinking as they were in March, but rapid climate change is still a cautious story.

Bank of America economists in Europe put it simply in a note to customers on Friday: “Yes, it’s bad.”

“Localized and surgical constraints can become more destructive if they continue to increase,”

; they said. “Protective savings, which are already large, could be further increased due to the uncertainty associated with the virus. And voluntary social distancing can easily increase the economic impact of the virus’s resurgence.

The magnitude of the economic impact of the new measures is difficult to determine, especially given the volatile response in countries such as the United Kingdom, where cities such as Liverpool face even stricter rules than London.

“Tracking the scale and scope of the restrictions will be [of] “Sanjay Raja, an economist at Deutsche Bank, said he adhered to his forecast for 2% growth in the UK between October and December, but said that if more restrictions were imposed, the economy could come to a complete halt.

Allianz now expects key European economies to shrink again in the last quarter of the year, with Spain’s economy shrinking by 1.3% compared to the previous quarter and France’s by 1.1%.

Big picture: There is little reason to believe that the challenge facing European leaders – act decisively and try to prevent a deteriorating health crisis or take moderate steps that can protect fragile economic gains – is a purely local phenomenon.

See here: New York is fighting the revival of Covid-19 in some neighborhoods in Brooklyn and Queens, closing insignificant businesses and schools in certain areas, trying for now to avoid wider exclusions.
In the United States, the average weekly number of new daily cases has exceeded 53,000, an increase of more than 55% in just over a month, according to data from Johns Hopkins University.
The return to normal index from CNN Business and Moody’s Analytics shows that the recovery in the US has virtually deviated since mid-September. Yet Europe is showing how quickly the situation can be reversed.
Investor insight: European stocks have enjoyed increased investor demand in recent months. Money managers cited relative control of the virus in Europe since the spring as they welcomed an agreement between EU leaders to raise 800 billion euros ($ 938 billion) for recovery efforts. Without the first part of this equation, however, the region could struggle.

Netflix is ​​going through a deadly year. Can it continue?

It will come as no surprise to anyone who has struggled at home that Netflix has a year of knockouts.

While movie theaters quickly ran out of money, Netflix thrived. The streaming service added 26 million subscribers in the first half of the year, as the cultural conversation focused on shows like “Tiger King.” In the last quarter, Netflix doubled its profits more than the same period a year earlier.

Watch out for stocks: Shares jumped 64% in 2020, while the S&P 500 rose close to 8%.

Investors will tune in on Tuesday to see if Netflix can maintain momentum when reporting results for the July-September quarter. In July, the company said it was expected to attract about 2.5 million subscribers during that period.

Bank of America analysts believe the number of subscribers may be weaker this quarter, given increased competition from players like NBC’s Disney + and Peacock, the return of live sports and the projected increase in people, who cancel subscriptions.

However, it raised its share target to $ 670, up 26% from Friday’s closing price due to belief in the company’s long-term strategy.

It follows

Monday: China’s GDP and industrial production in September, retail sales and unemployment; Halliburton (SOMETHING) and IBM (IBM) incomes
Tuesday: US housing start-ups and building permits; Lockheed Martin (LMT),, Philip Morris (PM),, UBS (UBS),, Netflix (NFLX),, Snap (SNAP) and Texas Instruments (TXN) incomes
Wednesday: inflation in the UK; Verizon (VZ),, Chipottle (CMG),, Tesla (TSLA) and Whirlpool (WHR) incomes
Thursday: consumer confidence in Germany and the UK; Inflation in Japan; American airlines (AAL),, AT&T (t),, Coke (KO),, Kimberly-Clark (KMB),, Intel (INTC) and Mattel (MAT) incomes
Friday: PMI data; American Express (AXP) and Honey (SHE) incomes

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