Markets plunge in uncertainty about a second term and a second wave

The relentless rise of Covid and the fraught state of US politics are devastating share indices after a summer of recovery

Stock market investors are braced for a bumpy ride this week as the likelihood of further dramatic increases in Covid-19 cases across the world collide with the final days of the US presidential election campaign.

Last week, shares in the US and Europe slumped at their fastest rate since March and analysts said there would be worse to come, after France and Germany imposed strict lockdowns and US states came under pressure to tackle the rising number of deaths.

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