Stock markets in negative territory, the Dax slipped below the 13,000 points

The re-tightening of the American-Chinese conflict, as well as new to the Corona pandemic have pushed the Dax on Friday for the first time since the start of th

Stock markets in negative territory, the Dax slipped below the 13,000 points

The re-tightening of the American-Chinese conflict, as well as new to the Corona pandemic have pushed the Dax on Friday for the first time since the start of the week below 13,000 points. After the opening on the Stock market, the DAX fell around 2 percent on 12.832 points. After three winning weeks in a row, in which he was an overall increase of just under six and a half percent, the Dax in order for a weekly loss of 0.4 percent.

the Index of The medium values, the M-Dax, declined to 1.90 percent to 26 791,84 points. The Euro-zone leading index Eurostoxx 50 fell by 1.6% to 3314 points.

"the Last time investors had banished the pandemic out of their heads", but now Covid be returned-19, once more on the stock market stage, said IG market analyst Christian Henke, referring to the weekly US labour market data from the previous day. In the United States, the number of initial claims rose for unemployment assistance for the first time in more than three months. Thus, it is clear that the largest economy in the world in spite of the loosening of the Corona pads still in a serious crisis. In addition, France and Spain to warn cases currently before an increase of Corona.

Add to this China's reaction to the imminent closure of the Chinese Consulate in Houston, in the state of Texas. China is now calling for its part, the United States to close its diplomatic mission in the city of Chengdu, what are the stock exchanges in China and Hong Kong weighed on strong.

DAX ® -- -- (--) Long & SchwarzXetraCitigroupBNP Paribas 1T 1W 3M 1J 3J 5J For detail view

heavy losses, it has already given on Thursday on the American stock markets. The quarterly reports of some well-known companies such as Microsoft, Tesla, and Dow Inc not arrived with the investors well. As the losses spread, made investors, especially in the case of the last phenomenal run technology stock Fund - and so the downward pressure is increasing. The Dow Jones Industrial average lost 1.3 percent on 26.652 points.

a headwind for the share prices also came from the economy. The US labour market is due to the Corona pandemic continue to be under pressure. In the week up to the age of 18. July accounted for about 1.4 million people for the first time, an application for unemployment assistance. Compared to the previous week, the number rose to 109 000 applications. In the weeks before the new applications were declined, if only slightly. Also, economic early indicators in June fell short of expectations.

The broader S&P 500 lost 1.2 percent to 3235 meters. The technology-heavy Nasdaq 100 lost as much as 2.67 percent on 10.580 points. Here loaded of profit-taking on industry giants like Apple, Microsoft, Amazon, Facebook and Google Holding Alphabet to the high Gain of these papers in the past few months.

Updated Date: 24 July 2020, 04:20

You need to login to comment.

Please register or login.

RELATED NEWS