The German federal government is delaying the decision to open schools, kindergartens and resumption of the German Bundesliga season. Why is this important information for markets? Germany is set as an example when it comes to dealing with coronavirus. Data regarding new cases confirms this. The peak was seen at the turn of March and April, and currently the number of new cases does not exceed 1,000. Therefore, if Germany does not decide to return to normality, it may mean that the situation is more serious than everyone thought, which could negatively affect economic and consumer activity.
The number of new cases has significantly decreased over the last month in Germany. Source: worldometers.info
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There is no reaction on DAX to this news, because already the moods on the markets were quite negative. DAX is retreating due to poor data from Europe and the USA. Investors also expected new decisions from the ECB today. Source: xStation5
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