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Global markets seek direction

Global markets seek direction
Investors to monitor US existing home sales for October released by Chicago-based National Association of Realtors

By Murat Aslan

ISTANBUL (AA) - Global markets are following a mixed course on Monday amid new anti-virus measures and concerns that the US Federal Reserve (Fed) may quit its supportive monetary policies earlier than expected.

Markets will focus on a busy data agenda in the week, including the manufacturing industry and service sector Purchasing Managers Index (PMI) as well as Fed's meeting minutes and remarks from US President Joe Biden.

On Monday, investors will monitor US existing home sales for October released by Chicago-based National Association of Realtors (NAR).

Biden is expected to announce his choice for Fed chair this week.

Austria announced last week that it will impose a curfew on those who are not fully vaccinated as of Monday.

The Belgian government decided last Wednesday to tighten COVID-19 measures amid rapidly rising infections. As of Monday, working from home at least four days a week will be mandatory, with the exception of sectors that require the physical presence of workers. People above the age of 10 will be required to wear a face mask while using public transport and entering restaurants and cultural and entertainment venues, as well as participating in indoor events with over 50 people and outdoor events with over 100 people.

The Netherlands last week imposed a three-week partial lockdown starting from Sunday amid a record hike in the number of coronavirus cases. This includes the closure of bars, restaurants and essential shops at 8 p.m., and crowds are banned at sports events. Gatherings at home are limited to a maximum of four guests in the Netherlands.

Germany’s federal and state governments agreed last Thursday on new coronavirus measures, including tougher restrictions for those who are unvaccinated amid record cases.

source: News Feed
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