Fear that a second wave of infections is happening in the U.S. is every day bigger. After reopening of many states’ cases started to rise rapidly so many countries paused its reopening. In the case of the second shutdown, states face budget shortfalls and double-digit unemployment.
On the other side, Latin America is currently in huge problem. Fast spreading of coronavirus in the region’s politics is the result of populist leaders in Brazil and Mexico, Latin America’s two largest nations, played down the seriousness of the virus. Their leaders undermined with their behaviour the medical advice of professionals to stay at home. The result can be plunge tens of millions of people back into poverty and risks triggering a repeat of last year’s wave of violent social protests. It could also spark new debt defaults.
Global stocks fell sharply on Monday after a jump in new coronavirus infections in the US and China stoked investor concerns over the economic impact of the pandemic. European markets and US futures opened the week with significant declines, following broad losses in Asia.
Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.