It was another mixed day for the European majors on Tuesday. The DAX30 eked out a 0.03% gain, while the CAC40 and the EuroStoxx600 fell by 0.39% and by 0.20% respectively.
Once more, there were no major stats from the Eurozone or the U.S to provide direction on the day.
The lack of stats left the majors in the hands of COVID-19 news. On Tuesday, Germany announced plans to reintroduce lockdown measures until 18th April.
Vaccine shortages and the reintroduction of lockdown measures in France, Germany, and beyond pegged the majors back on the day.
It was a particularly quiet day on the economic calendar on Tuesday. There were no major stats to provide the majors with direction.
From the U.S
It was also a particularly quiet day, with no material stats from the U.S to provide the European majors with direction.
The Market Movers
For the DAX: It was a bearish day for the auto sector on Tuesday. Volkswagen slid by 5.42%, with Continental ending the day down by 2.84%. BMW and Daimler weren’t far behind, falling by 2.24% and by 2.21% respectively.
It was a mixed day for the banks, however. Deutsche Bank fell by 1.84%, while Commerzbank rose by 0.34%.
From the CAC, it was another bearish day for the banks. BNP Paribas and Soc Gen saw losses of 0.69% and 0.61% respectively, with Credit Agricole falling by 1.04%.
It was also another bearish day for the French auto sector. Stellantis NV and Renault slid by 4.54% and by 3.37% respectively.
Air France-KLM and Airbus SE also hit reverse, ending the day down by 2.36% and by 1.92% respectively.
On the VIX Index
It was back into the green for the VIX on Tuesday, marking just the 3rd gain from 13 sessions.
Partially reversing a 9.88% fall from Monday, the VIX rose by 7.52% to end the day at 20.30.
The NASDAQ slid by 1.12%, with the Dow and the S&P500 declining by 0.94% and by 0.76% respectively.