{"id":20192,"date":"2021-12-27T07:03:00","date_gmt":"2021-12-27T07:03:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=20192"},"modified":"2021-12-30T15:41:55","modified_gmt":"2021-12-30T15:41:55","slug":"china-covid-19-outbreak-worsens","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/","title":{"rendered":"China Covid-19 Outbreak Worsens"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20192\" class=\"elementor elementor-20192\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b44c14f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b44c14f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e07ee6\" data-id=\"9e07ee6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a8067f0 elementor-widget elementor-widget-text-editor\" data-id=\"a8067f0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Market Update<\/strong><\/p><p>Asian stocks are mixed on Monday amidst risk-off sentiment as traders evaluated spiking coronavirus cases in China, and a weekend pledge of greater economic support from the People\u2019s Bank of China.<\/p><p>China&#8217;s local COVID-19 coronavirus cases crept up again, with most new infections reported in the north-western city of Xian, which has now entered a fifth day of a lockdown.<\/p><p>The data showed that China reported 163 local symptomatic case versus 158 a day prior. In the province of Xian, 150 local cases were support, additionally a new round of citywide testing is scheduled for today.<\/p><p>With the mood one of Caution the <a href=\"https:\/\/bit.ly\/3oUNeWo\" target=\"_blank\" rel=\"noopener\">S&amp;P 500<\/a> is flatlining, while <a href=\"https:\/\/bit.ly\/3EXWGOj\" target=\"_blank\" rel=\"noopener\">oil<\/a> prices have dipped, and the greenback is slightly stronger against the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">euro currency<\/a>.<\/p><p>Shares fell in Asia are also in the defence, with the <a href=\"https:\/\/bit.ly\/3m4wXMI\" target=\"_blank\" rel=\"noopener\">Nikkei<\/a> fluctuating, despite China\u2019s nation\u2019s central bank Saturday<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-25\/china-s-central-bank-vows-greater-support-for-real-economy\"> pledged<\/a>\u00a0greater support for the real economy and reiterated a goal of \u201chealthy\u201d real-estate sector growth.\u00a0<\/p><p>This comes amidst widespread worries of China\u2019s Evergrande default, and other large property developers in the world\u2019s second-largest economy.<\/p><p>Reports suggest this morning that China Evergrande has resumed construction work at most of its ongoing projects despite defaulting on a debt payment recently.<\/p><p>Elsewhere in Europe, the <a href=\"https:\/\/bit.ly\/3dOE874\" target=\"_blank\" rel=\"noopener\">German DAX<\/a> has fallen due to increase COVID-19 restrictions across a number of major European Cities. The German DAX has tumbled around 50 points.<\/p><p><a href=\"http:\/\/bit.ly\/2ZsFzPL\" target=\"_blank\" rel=\"noopener\">Gold<\/a> is slightly firmer so far today, while <a href=\"http:\/\/bit.ly\/319C7df\" target=\"_blank\" rel=\"noopener\">silver<\/a> has dropped this morning following news that Russia has sent back over 10,000 troops from the border of Ukraine.<\/p><p>Overall, its expected to be a very quiet holiday session today, with the focus on Omicron outbreaks and the markets reactions to China\u2019s central banks latest pledge for support over the weekend.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market Update Asian stocks are mixed on Monday amidst risk-off sentiment as traders evaluated spiking coronavirus cases in China, and a weekend pledge of greater economic support from the People\u2019s Bank of China. China&#8217;s local COVID-19 coronavirus cases crept up again, with most new infections reported in the north-western city of Xian, which has now [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":20204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[99,14,154,28,49,279,48],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Covid-19 Outbreak Worsens - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Covid-19 Outbreak Worsens China Covid-19 Outbreak Worsens\" \/>\n<meta property=\"og:description\" content=\"Asian stocks are mixed on Monday amidst risk-off sentiment as traders evaluated spiking coronavirus cases in China, and a weekend pledge of greater economic support from the People\u2019s Bank of China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-27T07:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-30T15:41:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/12\/martin-sanchez-GPDjcPBkINo-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"379\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"China Covid-19 Outbreak Worsens China Covid-19 Outbreak Worsens\" \/>\n<meta name=\"twitter:description\" content=\"Asian stocks are mixed on Monday amidst risk-off sentiment as traders evaluated spiking coronavirus cases in China, and a weekend pledge of greater economic support from the People\u2019s Bank of China.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"China Covid-19 Outbreak Worsens\",\"datePublished\":\"2021-12-27T07:03:00+00:00\",\"dateModified\":\"2021-12-30T15:41:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"China\",\"DAX\",\"DXY\",\"GOLD\",\"Silver\",\"USA500\",\"WTI\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\",\"url\":\"https:\/\/youtrading.com\/en\/china-covid-19-outbreak-worsens\/\",\"name\":\"China Covid-19 Outbreak Worsens - 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