Germany's hard lockdown boosts stay-at-home winners, sinks travel

Deutsche Euroshop AG

14/12/2020 07:51

** Shares in German stay-at-home winners rise in Frankfurt
early trade, while travel stocks sink, after Germany said it
would impose stricter lockdown to battle COVID-19
    ** Germany will close most stores from Wednesday until at
least Jan. 10, cutting short the busy Christmas shopping season,
as it tightens restrictions, Chancellor Angela Merkel said on
Sunday  urn:newsml:reuters.com:*:nL1N2IT03A
    ** A local trader notes that new hard lockdown should weigh
on airlines, airports, retailers - excluding online retailers-,
shopping and hotel exposed real estate companies
    ** Shares in online fashion retailer Zalando  ZALG.DE  and
Global Fashion Group  GFG.DE  spike 3.8% and 6.9% in early
trade, while online pet supplies retailer Zooplus  ZO1G.DE  and
Dutch online pharmacy Shop Apotheke  SAEG.DE   rise 2% and 4%
    ** Food delivery firms HelloFresh  HFGG.DE  and Delivery
Hero  DHER.DE  gain 6.8% and 3.5%, topping respectively German
midcap index  .MDAXI  and blue-chip index  .GDAXI  
    ** Deutsche Lufthansa  LHAG.DE  and airport operator Fraport
 FRAG.DE  drop 3-4%, while German shopping-mall investor
Deutsche Euroshop  DEQGn.DE  slides 4%
    


 ((Linda.pasquini@thomsonreuters.com))