The German share price index DAX graph is pictured at the stock exchange in Frankfurt. Germany's DAX slumped 3.4 per cent even as the Ifo institute's survey showed the strongest rise ever recorded in the country's business morale in June. ― Reuters pic
Many US states saw record daily increases in Covid-19 infections amid easing of lockdowns, while a media report that European Union countries are prepared to bar entry to Americans raised worries of fresh restrictions. Investors piled into risky assets on Tuesday after data showed improving business activity in France and Germany as well as on White House reassurances about the Phase One US-China trade deal.
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