DE30 is moving sharply lower in the early European trade this Wednesday, more than erasing data-inspired gains from Tuesday. There’s no single catalyst but it seems like markets wake up to deteriorating COVID data. In the US there were 36k new cases yesterday – the highest number since 1 May. The Ifo index showed an improvement but current conditions improved only marginally. DE30 faces a potentially strong support around 12100 points.

Daily summary: Muted rebound on Wall Street 🗽 Metals attempt to recover as the U.S. dollar weakens
US Open: Falling oil prices calm Wall Street 🗽 Dell and GitLab rise, Palo Alto falls
Market wrap: The US Strikes Iran, Oil hits the markets
Agricultural commodities retreat📉