After the steep slip of the Dax back below 12,000 points, the benchmark index opened on Friday with a decline of 0.9 percent on 11.876 points. Lufthansa and Daimler, which reported on Thursday’s strong losses, recovered slightly.
The Helaba language in their daily Outlook of a setback with a warning. It is the impression of a pressing, as it would reduce the discrepancy between the data on the real economy and the enormous Dax upturn.
On Wall Street had the day before profit rally some profit taking after the previous Recovery, the Dow Jones Industrial average by nearly seven percent and the broad S&P 500 by nearly six percent down. The Dax fell in the holiday trade, with around four and a half percent. Also, the Nasdaq in New York, had just finished their record-breaking hunting and fell back heavily.
market strategist, Michael McCarthy of CMC Markets ‘ structure, compared to the sharp slowdown in the pace of the previous Euphoria, and spoke of a “U-Turn to the V-shaped recovery”. After the cautious Tenor of the Federal reserve and rising Corona case in the United States, investors had fled the numbers again on the Defensive. The fear of a second Corona-shaft’ve rained on your parade investors, the mood, was at Credit Suisse.
On the stock exchanges, there was a brilliant rally: on Monday, the Dax was running in only eleven days, without a larger stop in order to almost 19 percent to 12.913 points to the top. So he had been approaching its record high from the February 13.795 points to less than seven percent.
the Dow Jones a day the Dow Jones — — (–) DOW JONES INDIZESCitigroupBNP Paribas 1T 1W 3M 1J 3J 5J For detail view
The price of Oil have fallen on Friday morning after strong losses the day before, only slightly. Traders referred to the overall calmer situation on the financial markets. A Barrel (159 litres) of North sea Brent hit in early trading 38,02 dollars. The were 53 cents less than on the previous day. The price of a Barrel of the us variety of West Texas Intermediate (WTI) fell to a similar extent on 35,76 dollars.
Because on Thursday, the mood on the international financial markets darkened significantly, was also pulled the Oil price down. Market observers cited the following as reasons for a pessimistic economic Outlook, the Central Bank, the Fed, and increasingly unfavorable infection numbers from the United States. This stoked the fear of a second Corona-wave in the largest economy in the world.
To provide such a Demand, problems occurred on the supply side. So, the oil stocks in America have risen recently to a record high. The data show that the oil glut, which had impacted the prices a few weeks ago, extremely, is not yet mined for a long time. In April, the crude oil collapse of prices due to the convergence of several developments extremely. Since then, they have recovered significantly.
WTI — — (–) Deutsche Bank 1T 1W 3M 1J 3J 5J For detail view
The fear of a second Coronavirus-shaft also makes the investors on the Asian stock markets for the week to create the final hard. They fear that the pathogen could make the hoped-for economic recovery by crossing or even a new output block is necessary. The Tokyo Nikkei castle 0.8 percent weaker at 22.305 points. On a weekly point of view, it was 2.4 percent.
