24.03.2020 The Dax 30 Daily Analysis

24.03.2020 The Dax 30 Daily Analysis

The Dax 30 opened up on Monday at €9270.50 a slight improvement of about 530 points. However, with economic activities going down rapidly these gains might be limited. The markets opened up positively on Tuesday led by the Dax with an improvement of nearly 6%. Recently the Dax has made some major losses with statistics showing that Germany ranks fifth with corona cases. All companies in the index have made more than 10% decline with Daimler making the biggest decline whose stock went down by more than 50%. Other companies like Volkswagen and BMW have gone by more than 40%. The German government intends to spend an extra €155 to counter the effects of the coronavirus and €500 to support the affected companies.