Germany’s Health Minister Jens Spahn said on Wednesday, it is not possible to lift all the restrictions imposed due to the coronavirus contagion in February.
Additional quotes
“We need to reduce contacts for another two or three months.”
“Calls on all employers to enable working from home.”
“Need to do everything we can to curb the spread of new virus variants.”
Earlier today, Germany reported 19,600 new infections and 1,060 deaths, raising concerns over the death tally.
The German Chancellor Angela Merkel said Tuesday, she expects the lockdown to last until April, per Bild.
She said: "We need eight to 10 more weeks of tough measures."
Market reaction
EUR/USD consolidates Tuesday’s rebound above 1.2200, unperturbed by growing covid concerns in the EU.
The spot was last seen adding 0.07% to trade at 1.2214.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD regains 0.6500 ahead of RBA’s decision
The AUD/USD pair trades around 0.6510, underpinned by the broad greenback’s weakness and substantial gains on Wall Street. Market players now await the Reserve Bank of Australia monetary policy decision.
EUR/USD holds on to gains above 0.9800
The EUR/USD pair trades around 0.9820, marginally higher amid a better market mood. Tepid EU data put a cap on the shared currency alongside persistent tensions with Russia over energy deliveries.
Gold bulls aim to challenge the $1,700 threshold
Gold picked up momentum after Wall Street’s opening, and runs above $1,690.00 a troy ounce, trading at its highest in three weeks. The greenback sheds ground on the back of the better performance of equities, coupled with tepid US data.
Cardano could be set for 12% gains just this week alone
ADA could set itself up this week for a perfect opportunity to go long in a bear market. Markets may experience some risk-on this week, with markets potentially set to jump, and equities and a weaker dollar offering some room for cryptocurrencies to rally in.
Who sabotaged the Nordstream pipelines?
Putin said it would be stupid for Russia to have done it. And he’s right. If nothing else, Gazprom would be in breach of contract, not that contracts are respected in Russia. On the principle of cui bono (who benefits), the saboteur could be someone pro-nuclear, or maybe a coal mining company, or a climate denier, or some 5th column pro-Russia gang from within W.