Lockdown again in Europe: softening of markets

(Gujarat News Correspondent) MUMBAI: Indian stock markets closed on the eve of Guru Nanak Jayanti on Friday. While the global market for corona is growing at an alarming rate and the number of corona cases has risen sharply after Austria's vaccination program, a complete lockdown has been announced in European countries. However, as the global NGO crisis continues to worsen, countries including the US and China have decided to cut off supplies from their strategic oil reserves to alleviate the NGO crisis. As a result, Asian markets saw modest gains today in anticipation of some relief.

Brent plummets to 4.5 as China decides to release stock from strategic crude

On the international front, global crude oil prices plunged by ૫૯ 1.6 to ૬૫ 1.6 a barrel and Nymex crude fell by ૩૬ 1.3 to ૬૫ 6.5 a barrel as China decided to cut stocks from strategic reserves in crude. Dow Jones futures fell 114 points in the afternoon today after the US stock markets softened yesterday amid fears of a recession in Asia, along with the United States and European countries. While the Nasdaq index was showing an improvement of 20 points.

European markets soften: Nikkei up 19 points in Asia, Hang Seng down 30 points

Concerns over the corona's transition in European markets today, including the decision to implement a nationwide lockdown in Austria and the imposition of compulsory vaccinations, and the growing number of cases of corona in Germany, including the UK and France. Stock markets softened on concerns that the downturn was re-emerging. In the afternoon, the London Stock Exchange futsil was down 19 points, France's Case 30 Index was down 19 points and Germany's Dex was down 10 points.

In Asian markets, the Nikkei 3 index of Japan's Tokyo Stock Exchange rose 19.61 points to 7.5, the Hang Seng of Hong Kong fell 2.7 points to 206.5 and the CSI 200 index of China rose 4.5 points to close at 30.