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In many places in China<\/strong>, signs of a resurgent epidemic are reappearing, such as in Macau<\/strong> where the city began its first lockdown since the start of the pandemic on Monday.<\/p>\n <\/p>\n These fears due to the epidemic crisis have therefore directly affected the economy and the country’s main stock exchanges. Hong Kong fell by 2.77%<\/strong> and Shanghai by 1.27%<\/strong> on Monday.<\/p>\n <\/p>\n Tokyo<\/strong> swam against the tide and gained 1.11%, after the senatorial elections that reinforced the ruling coalition.<\/p>\n <\/p>\n In the West, after a week of gains, the main European stock markets closed lower<\/strong>. Paris lost 0.61%<\/strong> and Frankfurt 1.40%<\/strong>. Only London<\/strong> managed to survive by finishing stable.<\/p>\n <\/p>\n Watchful of global inflation rates and the risks of seeing tensions in the energy market foster a recession<\/strong>, European stock markets should expect that “corporate earnings should continue to influence market sentiment, as many traders will be on the lookout for new signs of recession<\/em>,” said Pierre Veyret<\/strong>, analyst at ActiveTrade.<\/p>\n <\/p>\n The same is true of the heavyweights, with luxury stocks posting a decline at the opening on Monday 11 July. LVMH<\/strong> gave up 2.77%, Kering<\/strong> 2.27% and Hermes<\/strong> 1.21%.<\/p>\n <\/p>\n With the New York Stock Exchange<\/strong> due to open in the evening, Wall Street is heading for a lower opening, between 0.55 and 0.95%<\/strong> for the three main American indices.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0 WORLD STOCK MARKETS RECORDED ONE OF THE WORST HALF-YEARS IN THEIR HISTORY<\/a><\/p>\n