8:41 AM · 28 October 2020

🔻 DE30 plunges on lockdown fears

The re-opening story on the markets is long gone. The second wave of the pandemic is ravaging across Europe and forces governments to consider unpopular moves. Germany’s Angela Merkel has just proposed a monthly closure of pubs and restaurants but France might go much further – Macron might announce a monthly lockdown during his speech in the evening. This is clearly hurting indices with DE30 plunging below the 11870 support and trading at the lowest level since June. With such serious restrictions in store, investors might be looking towards 11000-11335 zone for the next support.

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