Equities hit by fall in oil prices and persistent Covid-19 concerns

Equities markets slipped on Monday as the uncertain duration of global lockdowns and renewed pressure on oil prices dented investor confidence. The benchmark Europe Stoxx 600 index dipped by 1.7 per cent after the opening bell while the German Dax fell 1.4 per cent. London’s FTSE 100 dropped 1.9 per cent, and the French CAC 40 fell by 2.3 per cent. The declines in Europe came after stocks across Asia felll as oil prices dropped to their lowest level in nearly two decades on mounting fears that coronavirus would cause a collapse in global demand.

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