FX.co ★ Stock markets: Europe slightly declined while Asia suffered huge losses

European stock exchanges did not exhibit a positive movement on Tuesday. The major stock indexes showed a moderate decline. The negative trend was due to the significant progress in the negotiation process between the UK and the EU over Brexit and subsequent trade relations.

However, it should be noted that the differences between the parties themselves are not leveled yet. In particular, after a telephone conversation with the President of the European Commission, which took place the day before, the British Prime Minister said that today there are no necessary conditions for signing a full-fledged agreement. In order to resolve this issue, Boris Johnson is going to pay a personal visit to Brussels in the coming days to hold official talks with the European Commission.

Meanwhile, market participants continue to be pressured by news on the epidemiological situation in the European region. Investors are closely monitoring the development and implementation of the coronavirus vaccine. So, an active vaccination campaign has already begun in the UK. This uses a drug that is a joint development of the American company Pfizer and the German BioNTech. Thus, the British are the first to be vaccinated en masse.

The changes in the level of GDP in the eurozone for the third quarter of this year will also be of great importance for investors. So far, only a preliminary expert assessment has been provided, according to which the indicator should rise by about 12.6% compared to the previous period. If the forecasts are justified, market participants will get a new reason to be inspired.

In addition, the next meeting of the region's main regulator, the ECB, is due to take place this week. It will decide the fate of the Pandemic Emergency Purchase Program. According to most analysts, the regulator is likely to expand its volume, which currently amounts to 1.35 trillion euros.

The general index of large enterprises in the European region STOXX Europe 600 fell slightly by 0.06% and moved to a new level of 392.61 points.

The German DAX index slipped 0.06%. France's CAC 40 index fell 0.23%. Italy's FTSE MIB index fell 0.27%. Spain's IBEX 35 index fell 0.28%. The UK index was in the red by 0.26%, which was the first time after a five-day continuous rise.

Meanwhile, Tuesday's trading in the Asia-Pacific region ended in a negative zone. All the indexes exhibited decline except for the Australian indicator which did not follow the general trend and showed growth.

The decline that was observed was mainly due to the rapid growth of coronavirus infection in the world and unjustified hopes for a vaccine against COVID-19. Investors' optimism has almost disappeared, and problems continue to pile. Several countries have begun to impose stricter quarantine measures, which leads to an even greater pullback of the economy and investor concerns.

Japan's Nikkei 225 index is down 0.3%. However, the news on statistics in the country's economy is still quite positive. In particular, in the third quarter of this year, the country's GDP grew by 22.9% at once. This greatly pleased investor, who remember that in the previous quarter there was an equally dramatic failure of the indicator by 28.1%.

In addition, the Japanese government approved another package of financial assistance to the economy. Its volume is almost £74 trillion, which corresponds to $707 billion. Now, these funds will be distributed between the sectors of the economy and the social sphere.

China's Shanghai Composite Index sank 0.19%. The Hong Kong Hang Seng Index supported the downward trend and sank 0.76%.

South Korea's KOSPI index showed a rather significant fall by 1.62%, which has been happening for six trading sessions in a row.

The Australian S&P/ASX 200 index was the only one with positive dynamics, which amounted to 0.19%. This helped it to once again renew its maximum value in the last nine months. At the same time, growth has also been going on for six consecutive days.