It seems China is having a tough time getting away from its Covid Zero policy.

Last week it felt like the country was starting to ease restrictions; this week some cities are facing tougher measures again after case numbers had increased.

China stocks and oil lower on that news.

Bitcoin and other cryptos again approaching their lows from around 2 weeks ago, as the extent of FTX becomes obvious and other firms are struggling with the fallout.

A couple of economic data points this week will give more insight into the state of the German economy, arguably important for Europe going into this winter:

Producer price index today, business and consumer confidence later this week.

Have a good start to the week