Global Markets: Moscow locks down to curb COVID-19

By MarketsFarm

WINNIPEG, Oct. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Moscow is imposing its strictest lockdown measures of the past year in an effort to curb rising COVID-19 infections and deaths in the country. Only essential businesses will be allowed to operate during the partial lockdown, with schools also closed. The latest measures come mere days before all of Russia is set to lockdown for a week. On Thursday Russia reported record daily COVID-19 deaths at 1,159, with total infections topping 40,000 for the first time.

– France has seized a British fishing trawler for operating in its territorial waters without a license. A second vessel was also fined as tensions over post-Brexit fishing rights escalate between the two countries.

– The rate of inflation in the United States slowed down in the third quarter, with the gross domestic product up by two per cent compared to the same period the previous year. That compares with the 6.7 per cent growth in the second quarter, as the pandemic’s fourth wave and supply chain disruptions led to a sharp drop in consumer spending.

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