Recovery attempt did not work in the market during the European opening as South Korea reported 115 coronavirus cases across the country. Markets fear that multiplication of travel restrictions could quickly translate into a global recession and that causes a sharp adjustment to indices that were testing all-time highs as recently as last week! After breaking 12900 support DE30 is now close to the key test – 12465 support line.

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Daily Summary: From Panic to Euphoria. The Market Recoups Losses.
US OPEN: Falling Oil Prices and Dip-Buying Fuel Rebound as Nvidia falls