Share prices on world stock exchanges mostly fell on Monday due to fresh concerns COVID-19 restrictions in China worsen investor sentiment.
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The first Covid-19-related deaths in China in six months have fueled fears that Chinese officials are reimposing tough and cost-damaging restrictions to contain the coronavirus outbreak.
Oil prices it fell after the US newspaper “Wall Street Journal” reported that Saudi Arabia and other OPEC+ members are considering increasing oil production “up to 500,000 barrels a day”.
Saudi Energy Minister Prince Abdulaziz bin Salman later “vehemently denied” the report, explaining that OPEC+ does not discuss any decisions before its meetings. The next OPEC+ meeting is scheduled for December 4th.
The US entertainment and media company “Walt Disney Co.” the stock price rose 6.3% after Bob Iger returned as CEO of the company, replacing Bob Chapek.
The Dow Jones Industrial Average fell 0.1% to 33,700.28 on Monday, the Standard & Poor’s 500 fell 0.4% to 3,949.94, and theNasdaq Composite” decreased by 1.1% to 11,024.51 points.
London’s FTSE 100 fell 0.1% to 7,376.85 on Monday, Frankfurt’s DAX 30 fell 0.4% to 14,379.93, and Paris’ CAC 40 fell 0.2% to 6,634. 45 points.
WTI crude oil fell 0.4% to $79.73 a barrel on Monday in electronic trading on the New York Stock Exchange. The price of “Brent” crude on the London Stock Exchange fell by 0.2% to 87.45 dollars a barrel.
EUR against the US dollar on Monday it fell from $1.0325 to $1.0245 per euro, the British pound against the US dollar fell from $1.1890 to $1.1823 per pound and the US dollar against the Japanese yen is rose from 140.37 to 142.10 yen per dollar. The euro rose against the British pound by 86.34 pence to 86.58 pence to the euro.
