Germany and France Impose Nationwide Lockdown as European Covid-19 Infections Rise

Pixabay: Geralt

Germany will impose the strictest lockdown measures since the peak of the global coronavirus pandemic. Germany is Europe’s biggest economy. Macron declares second national lockdown in France. Starting this Friday, people will only be allowed to leave home for essential work or medical reasons. France reported 33,000 new cases Tuesday. These lockdowns will significantly affect the global economy.

The new restrictions announced by Chancellor Angela Merkel will begin on Monday. Coronavirus infections increased to 14,964. Total number of infections is just a little bit below 450,000. France is also considering a complete lockdown that could last as long as one month as new infections rise. The benchmark 10-year German bund yields tumbled to a March low of -0.64% as investors let the markets due to the increased a covid-19 infection rates rising above 230000 cases this past Monday. The doc performance in Germany fell more than 4% closing down 11,500 50.6 points with the total weekly decline past 8%.

 

DAX PERFORMANCE-INDEX (^GDAXI)
XETRA – XETRA Delayed Price. Currency in EUR11,560.51-503.06 (-4.17%) At close: 10-28-2020 5:44PM CET

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