Market optimism from Monday and Tuesday has completely evaporated as record COVID numbers reminded investors of lockdown risks. Following partial lockdowns in Czechia and Netherlands, investors could have been intimidated by Merkel’s comments on possible restrictions in Germany. This is clearly not the scenario that markets were hoping for during the summer when indices rallied. DE30 is down nearly 2% today and trades at the lowest level since 2 October. The nearest support is at 12320 with a stronger one at 11870 points.

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher
Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street
BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war
Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%