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Sector movers: Covid-19 restrictions, US stimulus doubts weigh on Travel and Oil stocks
Travel stocks paced decliners at the start of the week, amid news that multiple European governments were planning to tighten restrictions on mobility due to the second wave Covid-19.
Europe close: Covid-19 restrictions, US stimulus and election uncertainty drag on stocks
European stocks opened were still lower at lunchtime on European stocks began the week sharply lower on Monday, amid fading hopes for a last-minute deal on further fiscal stimulus on Capitol Hill, new measures across the Continent to dampen the recent sharp rise in Covid-19 infections and the looming elections in the US.
Tuesday preview: US durable goods, BP in focus
Markets' focus on Tuesday will be on a slew of data across the US and Europe which will help investors determine how economic growth was holding as the second wave of the pandemic spread, even if hospitalisations and death rates remained well below their levels of last spring.
US stimulus talks to continue on Monday, but hopes for a deal fading
Talks between US lawmakers for a fourth government stimulus package were set to continue on Monday.
US new home sales fall unexpectedly in September
New home sales in the States fell unexpectedly last month.
JP Morgan sees increasing chances of capital returns from UK banks in 2021
"We believe it’s hard to overstate the importance of [a successful Brexit deal] (despite lower economic impact) for UK bank share prices as well as potential capital return," analysts at JP Morgan said.
Deutsche Bank says Barclays' diversified income stream 'underappreciated'
Analysts at Deutsche Bank reiterated their 'buy' stance for shares of Barclays, arguing that the merits of its diversified income streams was going underappreciated.