* Euro STOXX 600 down 2.8% to five-month low. * Germany and France prepare to announce restrictions. * Wall Street futures point to losses. * Euro down 0.6% versus dollar. * Currency market volatility jumps before U.S. election. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Tom Wilson.
German government bond yields fell to their lowest since mid-March on Wednesday on coronavirus concerns and uncertainty about elections and prospects for stimulus in the United States, while Italian yields climbed ahead of Thursday's ECB policy meeting.
The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.
German government bond yields fell to their lowest since mid-March on Wednesday on coronavirus concerns and uncertainty about elections and prospects for stimulus in the United States, while Italian yields climbed ahead of Thursday's ECB policy meeting.
European stock futures dropped to a fresh five-month low on Wednesday after a report France was mulling a month-long national lockdown to combat a surge in coronavirus infections.
The following are some of the factors that may move German stocks on Wednesday: CORONAVIRUS. German Chancellor Angela Merkel wants to agree at a meeting with leaders of the states on Wednesday to close all restaurants and bars from Nov. 4 in a bid to curb coronavirus infections but keep schools and nurseries open, newspaper Bild reported. DAIMLER.
The euro fell against the dollar
on Wednesday after a media report that France's government is
leaning toward reinstating a national lockdown to curb a
resurgence in coronavirus infections.
* Bond yields dip. * Moves subdued ahead of ECB meeting, U.S. presidential election. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Yoruk Bahceli.
Turkish President Tayyip Erdogan has filed a criminal complaint with Turkish authorities against prominent Dutch far-right leader Geert Wilders saying that he had insulted him on social media, state-owned Anadolu news agency said on Tuesday.
France's unemployment rate in the third quarter fell 11.5% over the previous quarter, as economic activity picked up amid an easing of coronavirus restrictions, the country's Ministry of Labour said Tuesday. In the third quarter, a total of 3.673 million job seekers in metropolitan France registered with Pole emploi, a French governmental agency which logs unemployed people. On a year-on-year basis, however, the unemployment rate went up 9.5% in 3 Q.
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