After the weak start of the month
investors remain on Europe’s stock exchanges because of the persistent
Corona crisis wary. Pushed by a rapid recovery
the EuroStoxx had 50 in oil prices on Thursday
initially gain, but lost the profits until noon
again. Most recently, the leading European index stood at 2676.91
Counters, that was a moderate minus of 0.13 percent.
Things looked a little better in Paris and London: the French Cac 40
climbed half a percent to 4228 points, the
London FTSE 100 won similarly moderate.
Concerns about the worsening of the pandemic and weak
He had economic data from many important world markets
recent recovery on the stock markets recently dampened again
lost. The EuroStoxx 50 had just under four percent the previous day
lost, on Wall Street and in Asia it was again
gone down steeply. In the days before, the
European leading index still recover to almost 2850 points
after having previously crashed to around 2300 as a result of the corona crash
Points had dropped.
The corona crisis is now also demanding its own in the real economy
Tribute: While in Europe, for example, the mood in industry
recently deteriorated significantly, the virus also hits on the
US job market with force through, like the one presented the previous day
Report of the service provider ADP had shown. Before before
Weekend the official US government job report
will be released, investors are still expected this Thursday
upcoming data on weekly labor market data as well as on
Watch incoming orders from the US industry closely.
Meanwhile, there is a clear turnaround on the oil market. After
Crude oil prices recently rose sharply.
It had already become known the day before that Russia was the
Oil production in the wake of the price war with Saudi Arabia apparently
does not want to raise any further. President Donald Trump had
announced to want to mediate. In addition, messages supported
China, according to which the country wants to increase state oil reserves.
This also caused significant price increases on the stock exchange. Of the
The oil sector was in Europe with a price increase of more than five percent
the most sought after industry – in the Eurostoxx 50, for example, Eni stung
with almost six percent surcharge and total with more
than 4 percent.
Shares in the tourism industry remained on the
Sales list. Aviation values for it because of the corona crisis
had come again the day before, went against it
Recovery course. Aircraft manufacturer Airbus and the
Aviation supplier saffron from France more expensive
by four and a half or more than five percent. One
A study by the UBS also provided mood enhancers – despite
downgraded growth forecasts signaled analyst Celine
Fornaro for Airbus with its new target price of 100 euros clear
Recovery potential.
One of the biggest losers was the textile group Inditex
with almost 4 percent minus. Here are likely
Press reports play a role according to which competitor Hennes &
Mauritz due to the closings in the course of
Corona crisis could lay off tens of thousands of employees. / Tav / jha /
ISIN GB0001383545 FR0003500008 EU0009658145 IT0003465736
AXC0236 2020-04-02 / 12: 17
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