Germany's Merkel: Current COVID-19 infection rate is much too high

Eren Sengezer FXStreet

German Chancellor Angela Merkel said on Monday that the current coronavirus infection rate is "much too high" and added that the third wave may be the toughest yet.

"Vaccine production capacity must be increased significantly, both in Europe and in Germany," Merkel noted.

Meanwhile, Business Insider reported on Monday that German states have agreed to extend the lockdown, which was supposed to end on April 18, by three weeks.

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, Germany's DAX 30 Index was up 0.17% on a daily basis at 15,260.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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