European markets are heading for a lower open on Monday as investors keep a close eye on unrest in China as the public demonstrates against Covid lockdowns.
China is most likely to reopen around April next year after the National People's Congress takes place, but there's a chance that authorities reopen earlier due to difficulties in keeping Covid cases under control, according to Goldman Sachs."There is also a 30% probability of earlier reopening precisely because of the difficulty in keeping Covid under control, and the lack of medical preparation suggests it could be quite a messy process," she said.
She said that policymakers need to weigh out the costs and benefits of the stringent Covid restrictions as protests take place across the country.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China's Latest COVID Outbreak Strains CCP Zero-Covid MeasuresAnother record wave of COVID infections in China is being met with more lockdowns, frustrating some Chinese citizens. See potential bias and similarities in coverage from AP, axios, and nypost:
Weiterlesen »
Got a weird COVID-19 symptom? You’re not alone.From COVID tongue to COVID toe, doctors have seen some bizarre cases. COVID19 COVID CovidIsntOver COVIDSymptoms
Weiterlesen »
China Xinjiang: Urumqi rocked by Covid lockdown protests after deadly fireUrumqi residents confronted officials amid claims Covid restrictions stopped people escaping a blaze.
Weiterlesen »
Protests erupt in China over COVID lockdown restrictionsPublic outrage over new COVID lockdown restrictions has fueled rare protests within China, with residents demanding the government to lift restrictions ahead of schedule. Crowds marched on the streets, chanting 'End the lockdown!'
Weiterlesen »
China reports fourth straight daily record of new COVID casesChina reported a record high of 39,791 new COVID-19 infections on Nov. 26, of which 3,709 were symptomatic and 36,082 were asymptomatic, the National Health Commission said on Sunday.
Weiterlesen »