Rolling live coverage of business, economics and markets as stock markets gain on hopes coronavirus lockdowns are slowing disease’s spreadDebenhams files notice of intent to appoint administrators British construction activity, employment and outlook all fall steeply UK car sales slump by 44.4%; but battery sales continue surgeCoronavirus – latest updatesSee all our coronavirus coverage 2.51pm BST But before we get too carried away it’s perhaps worth noting that Germany’s Dax is still far, far below levels hit before the start of the year.Here’s the chart showing the massive fall in market value endured by German blue-chip companies over the course of a miserable 2020. 2.46pm BST Has the bull market returned already?The stateside buying optimism appears to have caused a feedback loop across the Atlantic. The Dax, the export-sensitive German benchmark, is now up by 5%. That means it is 20% above the bottom hit in the middle of March. Continue reading…
Via: Debenhams prepares to bring in administrators as Covid-19 hits – business live
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