The German stock market has connected on Tuesday the exchange gains from Overseas. The leading German index, the Dax, rose in the first trading minutes by 1.29% to 12.421 counter. Thus, the German benchmark index overcame again, the hurdle with 12.400 points, he was held back in a week times.
The M-Dax index of German medium-sized listed companies rose by 0.78 per cent to 26.177 points. The Euro-zone benchmark index Euro STOXX 50 advanced 0.56 per cent to 3260 points.
The title of Wirecard were up at the Dax-tip to the sharp decline since Thursday, for the first time and increased by 7% to 15,45 Euro. In the previous three trading days, however, the price had collapsed as a result of a billion-dollar accounting scandal, the payment service provider to 85 percent. On Wednesday, the stock had cost more than 100 euros.
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Oil prices recover
The Oil prices recovered on Tuesday from significant falls overnight, most of the time. Trigger is the fear that the trade deal between the United States and China could be ended. In the Morning, a Barrel (159 litres) cost of North sea Brent crude oil 42,87 dollars. The were 21 cents less than on Monday. The price of a Barrel of the us variety of West Texas Intermediate (WTI) fell by 34 cents to 40,39 dollars.
In the night of Tuesday, had yielded to the Oil prices abruptly. Trigger remarks by Peter Navarro, the economic policy Advisor of President Donald Trump were. Navarro had called the trade deal between America and China on American television as completed. Trump, however, made clear a little later in a Tweet that the agreement was “completely intact”. The United States and China, the world’s largest oil consumers are.
WTI — — (–) Deutsche Bank 1T 1W 3M 1J 3J 5J To the detail view BRENT — — (–) German BankBNP Paribas 1T 1W 3M 1J 3J 5J For detail view
in Principle, has stabilised the situation on the Oil market. In the Corona-crisis, oil prices had crashed due to a slump in Demand massively. Added to this was a completion of the price war between the two oil giants Saudi Arabia and Russia. Major producing countries to restrict their supply and stabilise the prices. In addition, the United States, have driven as a third great Power on the Oil market of their production. A lower profitability of American producers due to the temporary sharp drop in crude oil prices.
