{"id":106945,"date":"2020-11-30T21:58:28","date_gmt":"2020-11-30T21:58:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106945"},"modified":"2020-11-30T21:58:28","modified_gmt":"2020-11-30T21:58:28","slug":"104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\/","title":{"rendered":"DAX 30 Could Decline as Germany Extends Nationwide Lockdown"},"content":{"rendered":"<ul>\n<li><strong>Asian markets traded mixed on end of month flows<\/strong><\/li>\n<li><strong>The extension of Germany\u2019s nationwide lockdown-lite could drag on regional risk assets.<\/strong><\/li>\n<li><strong>Additional fiscal aid could ease concerns.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">DAX 30 index tests key resistance. Is a reversal lower on the cards?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Month-end flows combined with covid vaccine made for a mixed session in Asian trade. The ASX 200 index dropped1.26% as Australian &amp; China trade tensions continue to escalate..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China\u2019s CSI 300 index rallied 0.64%, supported by better-than-forecast PMI figures for November.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead, German inflation data and\u00a0 a speech from European Central Bank President Christine Lagarde will be in focus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Extended Lockdown to Weigh on DAX 30<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The extension of Germany\u2019s nationwide \u2018lockdown -lite\u2019 which started early November could limit the Dax\u2019s\u00a0 potential upside, as Germany&#8217;s total coronavirus cases surpass 1 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Covid cases have tripled since\u00a0 the start of October, so Chancellor Angela Merkel and the premiers of Germany\u2019s 16 states opted to extend restrictions until December 20.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even so, cases remain stubbornly high with the 7-day average of infections hovering just under 18,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The possibility of extending restrictions until March has been raised.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Should infections remain high, the Dax\u00a0 could lose ground\u00a0 as investors start to price in tighter lockdown measures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Budget Expansion May Underpin Regional Risk Assets<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The federal government\u2019s decision to expand its budget in 2021 could keep regional risk assets buoyant. The International Monetary Fund had appealed to the German government to provide further fiscal aid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">German policymakers announced almost \u20ac500 billion in total spending and doubled the amount of new debt budgeted for next year.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian markets traded mixed on end of month flows The extension of Germany\u2019s nationwide lockdown-lite could drag on regional risk assets. Additional fiscal aid could ease concerns. DAX 30 index tests key resistance. Is a reversal lower on the cards? Month-end flows combined with covid vaccine made for a mixed session in Asian trade. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4928,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380],"tags":[],"class_list":{"0":"post-106945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DAX 30 Could Decline as Germany Extends Nationwide Lockdown - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"DAX 30 Could Decline as Germany Extends Nationwide Lockdown\",\"datePublished\":\"2020-11-30T21:58:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/\"},\"wordCount\":265,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100669-gbp-eur-italian-debt-crisis.jpg\",\"articleSection\":[\"EUR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104931-dax-30-could-decline-as-germany-extends-nationwide-lockdown\\\/\",\"name\":\"DAX 30 Could Decline as Germany Extends Nationwide Lockdown - 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