7:30 AM · 30 July 2020

European stocks slump as Covid fears rise

Continued pick-up in global Covid-19 cases and new record reached in daily cases yesterday exert pressure on European equities. Stocks from the Old Continent slumped after the launch of a cash session. DE30 is trading around 1.3% lower already and is testing an important support level at 12,640 pts. Keep in mind that German GDP report at 9:00 am BST may provide even more volatility.

DE30 slumps and tests the lower limit of the Overbalance structure. Source: xStation5

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