29 Oct 20  - Europe Back in Lockdown, Microsoft Misses | Genesis Energy Global markets went into free-fall overnight (S&P 500 Index -3.5%) as markets deal with a second wave of COVID-19 across Europe and the US. In Europe, lockdown measures have been reintroduced in France and Germany. The Stoxx 600 European market index fell to a 5-month low, losing -3% as German Chancellor Angela Merkel reached a deal for a one-month partial lockdown to curb the spread of the virus. Auto and financial shares saw some of the steepest declines in Europe. Earnings announcements didn’t help sentiment, as Microsoft was among the biggest drags on the S&P 500 as investors focused on revenue guidance which was below expectations. Even as quarterly results surpassed analysts targets. Mastercard shares tanked as it missed expectations on both top and bottom line estimates. Boeing slumped to a one-month low as it announced plans for more job cuts. On the flipside, General Electric gained after reporting a...