Daily summary: COVID-19 concerns drag down global stocks

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• Pandemic continues to rage in parts of Europe and US
• European stocks close mostly in the red
• Pelosi sets 48-hour deadline for White House on stimulus talks

Majority of the European indices erased early gains and finished session lower as surging COVID-19 cases weighed on market sentiment. New coronavirus infections in Europe are rising by about 97,000 per day, up 44% from the prior week, according to CNBC analysis. Several countries across the region imposed stricter lockdown restrictions in order to contain the spread of the disease. Italy restricted opening times for restaurants and bars and limits on public gatherings. Spain broke its all-time record for daily coronavirus cases, with the Health Ministry reporting 15,186 new infections. On the Brexit front, the UK and the EU agreed to intensify trade talks and work on legal texts, raising expectations that a deal could be reached before the end of the transition period. Earlier in the day economic data out of China lifted market sentiment. The world’s second largest economy reported third-quarter GDP growth of 4.9%, which came in below expectations, but indicates an improving outlook. During today's session DAX 30 fell 0.4%, FTSE 100 lost 0.6%, the CAC 40 retreated 0.2% and the FTSE MIB dropped 0.1%. The IBEX 35 added 0.2%.

US indices are trading lower on Monday despite a positive start, as investors are waiting for more details regarding new stimulus deal. House Speaker Nancy Pelosi set a Tuesday deadline for the Trump administration to reach an aid deal before the Nov. 3 election. Meanwhile, coronavirus continues to worry investors as Covid-19 cases are growing by 5% or more in 38 states as of Friday. Nationwide, the daily case average has risen by more than 16% on a week-over-week basis to nearly 55,000 according to CNBC analysis of Johns Hopkins University data.

U.S. crude futures are trading 0.3% higher at $41.24 a barrel, while the international benchmark Brent contract is trading nearly flat at $42.90 as investors await the outcome of today's OPEC+ Joint Ministerial Monitoring Committee meeting and decision whether it will delay plans reduce its current supply cuts of 7.7 million barrels per day by 2 million bpd starting in January. Elsewhere, gold is trading slightly higher around $1,910, while silver is rose near 2% and is trading around $24.6 per ounce

EURUSD – pair broke above and re-tested major resistance at 1.1773 which is additionally strengthened by 200 SMA (red line). Should buyers manage to uphold momentum then next resistance at 1.1826 may be at risk. Source: xStation5

11 February 2026, 15:33

BREAKING: Massive increase in US oil reserves!

11 February 2026, 14:44

US OPEN: Blowout Payrolls Signal Slower Path for Rate Cuts?

11 February 2026, 14:27

US jobs data surprises to the upside, and boosts stocks and pushes back Fed rate cut expectations

11 February 2026, 13:31

BREAKING: US100 jumps amid stronger than expected US NFP report

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