RE:Introduces BORDERPASS(TM) COVID-19 PCR Testing for Travelers Markets went into a tailspin after news that Austria will become the first western European state to reimpose a full coronavirus lockdown to tackle a new wave of infections and signs that Germany might do the same.
Germany's health minister Jens Spahn warned the coronavirus situation in Europe's biggest economy was so grave that a lockdown, including for those vaccinated, cannot be ruled out.
"A total lockdown for Germany would be extremely bad news for the economic recovery," said Ludovic Colin, a senior portfolio manager at Swiss asset manager Vontobel.
"It's exactly what we saw in July, August of this year in parts of the world where the Delta was big, it (COVID-19) came back and it slows down the recovery again."