A fourth COVID-19 wave sent cases surging worldwide, & some European countries have already issued lockdown orders, bringing unease to the U.S. stock market.
More details🧐 Anti-lockdown protests sparked in Rotterdam, Netherlands, after the Dutch government issued a three-week partial lockdown. Austria also went into lockdown yesterday. Italy, Belgium, Czech Republic, Slovakia & Germany are all close to shutting down, with Germany a big concern for markets as it is a big exporter.
Why is this important🤔 COVID-19 developments in Europe are unsettling markets today because many investors probably assumed lockdowns were a thing of the past. With vaccination rates too low to reach herd immunity & a growing number of cases, the underlying fear is that the U.S. might also be on the brink of another wave.