Economic index DAX initiates at a negative mark, influenced by lockdown apprehensions
The Frankfurt Stock Exchange opened with losses on Tuesday, as shares of MTU, Volkswagen, and HeidelbergCement experienced the biggest losses. These companies, along with others, are currently facing substantial setbacks in the market.
At around 09:30, the DAX was calculated at approximately 12,125 points, a decrease of 0.4 percent compared to the previous day's close. This downturn continued throughout the morning, with the DAX remaining at approximately 12,125 points at around 11:00, still showing a decrease of 0.4 percent.
Contrasting this trend, shares of Deutsche Bank, Delivery Hero, and Merck are leading the gains against the general losses. However, these companies did not show significant changes in the hours following the initial opening.
Other companies, such as Email, are also showing changes in the market, but specific details were not provided.
Despite the losses, there are no new indications of investor fear of another lockdown due to the rising number of new COVID-19 infections at this time.
The European common currency, the euro, was trading nearly unchanged on Tuesday morning, with one euro worth 1.1806 US dollars (-0.01 percent). No other economic indicators or market trends were mentioned in the paragraph, except for the general losses on the Frankfurt Stock Exchange.
Chancellor Angela Merkel (CDU) is scheduled to consult with the heads of the states about the corona measures on Wednesday, but this event does not seem to directly impact the stock market at the moment.
As the day progresses, investors will continue to monitor the situation closely, hoping for a turnaround in the market. The Frankfurt Stock Exchange continues to operate with losses on Tuesday, and the impact of the ongoing COVID-19 pandemic on the global economy remains a significant concern.
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