Oil and euro slip, markets on edge over COVID-19 curbs in Europe

 Oil and euro slip, markets on edge over COVID-19 curbs in Europe

A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Photo

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  • Brent futures drop to seven-week low
  • AUD nursing losses; EUR held under $1.13
  • China holds LPR steady, as expected

SYDNEY, Nov 22 (Reuters) – Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.

Oil futures skidded about 1% at the open, sending Brent crude and U.S. crude to seven-week lows of $78.05 and $74.76 respectively amid oversupply concerns.

Australian shares fell 0.4%, led by bank stock losses. Japan’s Nikkei (.N225) was down 0.3% and MSCI’s broadest…

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