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FRANKFURT (dpa-AFX) – The Dax (DAX 30) should give way after its robust start to the week on Tuesday. A good two hours before the Xetra start, broker IG estimates the German benchmark index (DAX 30) 0.34 percent lower to 13 093 points. “The stock markets remain caught in the tension between vaccine hope and Covid-19 lockdown,” said market observer Thomas Altmann from asset manager QC Partners.
The pure hope of a way out of the crisis can no longer drive the stock markets as strongly as it did a week ago. The day before, a temporary rally had subsided due to renewed positive news in the search for an effective corona vaccine. In New York it was ultimately enough for a new record for the Dow Jones Industrial (Dow Jones 30 Industrial), but internationally, investors are keeping a low profile. In Asia the picture was mixed.
On Tuesday, in addition to the news about the fight against the corona virus, new economic data from the USA will come into focus. October data from retail and industry could provide new clues about the further consequences of the pandemic./tih/jha/