Germany to extend lockdown, DE30 tries to halt declines

Investors could have spotted some sharp declines on global stock markets during the last hour when media reported that Angela Merkel reached deal on national lockdown measures. Lockdown is set to be extended until February 14. However, it is worth noticing that the number of new Covid-19 infections have fallen towards 10,000 mark. The situation has improved in France as well. It is also slightly better in the UK and Spain, however the number of new daily coronavirus cases still exceed 30,000 in those two countries.

DE30 tries to halt declines at press time. Headlines on lockdown deal sparked a rapid slide. The area at 13,800 pts serves as a strong support. Source: xStation5

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