Italy reported a new record of 11,705 new COVID-19 infections on Sunday. Prime Minister Conte said the situation had become critical but his government has been determined to avoid a repeat of the lockdown imposed at the start of the crisis in March. Under new restrictions betting shops must be closed from 9 p.m. and amateur sports events as well as all festivals were cancelled. Mayors have the authority to shut public squares from 9 p.m. The government would consider closing gyms and swimming pools after further checks on security protocols this week.
Spread of the COVID-19 continues to accelerate in Europe. Yesterday Italy reported over 11k new coronavirus cases. This is the highest daily count since the pandemic started. Source: Worldometers
ITA40 – index bounced off the 50 SMA (green line) during today’s session as prospects of new lockdown measures across Europe continued to weigh on sentiment. Should downbeat moods prevail, support at 18910 pts may come into play. The nearest resistance lies at the downward trendline which is additionally strengthened by 200 SMA (red line). Source: xStation5
