European markets under pressure after spike in Covid-19 cases

European markets under pressure after spike in Covid-19 cases

European equities and Euro remained under pressure as several European countries reintroducing fresh lockdowns. The EUR/USD slips to a new monthly low of 1.1730 on Monday and German DAX30 witnessed the largest daily loss since June 11th. The new Coronavirus cases across Europe and the UK now reached the highest level since April.