Stabilization: German shares performed well expected

The German stock market is expected to stabilize on Thursday after the rate slip from the day before only once. The Broker IG prized the Dax around two hours in

Stabilization: German shares performed well expected

The German stock market is expected to stabilize on Thursday after the rate slip from the day before only once. The Broker IG prized the Dax around two hours in front of the Xetra-the Start of 12,100 points and thus slightly above the previous day's levels. On Wednesday, the standard value of the index had fallen to 3.4 percent.

Rising infection numbers in the Wake of the Coronavirus pandemic in Parts of the world, had sent the stock markets around the world plunging. "Everyone is afraid of a second wave, not only in the United States, but also in Latin America, Brazil and Russia," said Analyst Jigar Trivedi from the brokerage house Anand Rathi. Against this Background, a record of strong rise in the Ifo Index, was not able to brake on the descent, especially as the International monetary Fund lowered its economic forecasts for Germany from a contraction of nearly 8 percent run out.

Also on Wall Street prices fell. The S&P 500 Index fell 2.6 percent to 3050 meters and even the technology stocks Index, the Nasdaq 100 lost 2 per cent to 10.002,69 points. The new infections in the United States reached on Wednesday on a day of maximum value since April. The leading American immunologist Anthony Fauci spoke of a "worrying increase" in several States.

Dax - 3 months DAX ® -- -- (--) Xetra lang & SchwarzCitigroupBNP Paribas 1T 1W 3M 1J 3J 5J For detail view

Meanwhile, the United States open, apparently, a new round of trade conflict, this time with the EU and the UK. From a communication by the us trade representative show that the government is considering tariffs on Goods to the value of 3.1 billion dollars. Affected by, among other things, beer, chocolate, olive and Gin could be.

At the Asian markets, however, the sale seems to ebb and flow-pressure. The markets in Hong Kong and on the Chinese mainland are closed today, however, due to a holiday. In Tokyo the Nikkei Index falls 1.2 percent on 22.286 points, South Korean Kospi is up 1.8 percent.

On Thursday, the characters are not, however, back to stabilization, however, a great improvement. The futures on the American stock market, the point in the night, rather, on an unchanged opening, indexing is now more lightweight tees. The pre-market X-Dax indicates a status of least 12.160 meters on a well-defended Start.

Bayer 1 year, BAYER -- -- (--) London SE Int. Level 1XetraTradegateSchweiz OTCStuttgartLang & black Switzerland OTCFrankfurtSchweizWienSchweiz 1T 1W 3M 1J 3J 5J For detail view

In premarket trading, the shares of the chemical company Bayer, with slight premiums is shown. This has been agreed in the dispute over the allegedly cancer-causing weed killer glyphosate in the United States, with a majority of the plaintiffs on a settlement. For this purpose, Bayer will have to spend up to $ 11 billion.

Updated Date: 25 June 2020, 02:20

You need to login to comment.

Please register or login.

RELATED NEWS