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: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
US Open: Cisco Systems slides 10% after earnings 📉 Mixed sentiments on Wall Street
Market Wrap: UK Stagnation, Tariffs Weigh on Giants, and Crypto Stabilizes