Coronavirus cases continue to surge in Europe with the U.K. announcing tougher restrictions on the city of London beginning midnight Friday and France declaring a state of emergency.
The British government said Thursday it will move to a “high” alert level from its current “medium” alert level.
Londoners will be temporarily banned from meeting anyone outside of their household in any indoor setting, public or private, and outdoor gatherings will be restricted to six people.
“We’ll soon reach an average of 100 cases per 100,000 people, with a significant number of boroughs already over that threshold. Hospital admissions are up. More patients are going into Intensive Care Units. And, sadly, the number of Londoners dying every day is increasing again,” London Mayor Sadiq Khan said in his opening statement to the London Assembly.
According to Johns Hopkins, the U.K. has recorded more than 657,000 cases of Covid-19, with 43,245 deaths attributed as of Thursday.
In France, President Emmanuel Macron announced a curfew for Paris and several other French cities.
Globally, 38,564,176 coronavirus cases and 1,092,968 related deaths have been reported to date, according to Johns Hopkins.
Are increasing restrictions in Europe reason to lean bearish into the weekend?
Jim Cramer said there is no way the U.S. will shut down again. Hear his take in the video above.