Dax curve in the trading room in Frankfurt
The Frankfurt benchmark has already reached a new record several times this year.
(Photo: dpa)
Frankfurt Investors in the German stock market are cautious about the imminent extension of the lockdown. On Monday morning, the German benchmark index was 0.3 percent up at 14,664 points.
The main focus of investors is on the advice provided by the federal and state governments on how to combat the coronavirus pandemic. They could announce an extension of the lockdown into April later in the day. The number of infections had risen recently, and the incidence mark of 100 had been exceeded in many places.
This is benefiting stocks in food delivery services and online retailers that have recently been under pressure. Hellofresh, Delivery Hero and Zalando gain up to two percent. In return, tourism values such as the airline Lufthansa and the tourism group Tui lose more than three percent.
“The third wave of Covid-19 infections will most likely stop the gradual easing of the last few weeks,” says Weberbank analyst Daniel Schär. Existing openings, such as those in retail, could also become obsolete.
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