Yesterday DAX ended the trading day with a decrease of 4.17%, CAC40 dropped by 3.37%, while FTSE 100 decreased by 2.55%.

Yesterday, virtually all major European equity indices plummeted as Covid-19 cases continue to rise across Europe. As a result of the constantly increasing number of cases Germany, Switzerland and France introduced new restrictions which brought worry to investors. To be specific, Germany imposed a one-month partial lockdown as starting next Monday large events will be cancelled, restaurants and bars will close, overnight stays in hotels for tourist purposes is banned etc.

France on the other hand will impose new restrictions on Friday which will be in place at least until 1 December. The restrictions include banning Travel between regions, Bars, restaurants and nonessential businesses will be closed, people can only leave home to go to work, to go to school, for a medical appointment, to give assistance to loved ones, for essential shopping or for one hour of physical exercise.

As a result of the above mentioned, DAX ended the day with a decrease of 4.17%, CAC40 dropped by 3.37%. Meanwhile, FTSE 100 decreased by 2.55%. However, it is worth adding that some major indices in Europe were in green in premarket as investors are focusing on the publication of earnings reports.