Fears that the second wave of COVID-19 infections is underway sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Beijing reported its second consecutive day of record numbers of virus cases and hospitalizations rose in some U.S. states, leading investors to reassess their assumption of a swift V-shaped recovery. “I am convinced that if cases continue to rise again, market participants will clearly re-evaluate market valuations and their assumptions”, said Stephane Ekolo, an equity strategist at TFS Derivatives in London. “Market are pricing a too-optimistic recovery, in my opinion, and there could be a reality check coming rather sooner than later”, he said. The pan-European STOXX 600 fell 2.5% with all sectors and regional markets trading deep in the red after losses accelerated in the final hours of trading in […]