DAX significantly lighter – Asian exchanges inconsistent – Commerzbank loss higher than expected – First German investor lawsuit against Wirecard – VW, Deutsche Bank, TUI, ams in focus | message

The German stock market shows clear losses on Wednesday.

The DAX opened with a strong loss of 1.38 percent at 10,669.99 points and will expand it further in the further trade overflow. Also the TecDAX is currently significantly down after having dropped 0.50 percent to 2,988.47 units at the start.

In a Senate video hearing, prominent US immunologist and government advisor Anthony Fauci warned of an exaggerated return to normal during President Donald Trump is currently driving the easing. The trade conflict between the United States and China continues to concern investors.

A number of companies have also published their business figures, including Commerzbank, United Internet, Deutsche Wohnen and LEONI.

Click here for a complete index overview

The stock exchanges in Europe present themselves with discounts on Wednesday.

The EuroSTOXX 50 started 0.42 percent weaker at 2,872.01 places and then falls deeper into the loss zone.

Daily news of further easing of the corona restrictions had supported the stock markets in the past few days. But now there are doubts as to whether the economy can actually start up again quickly after the shutdown. For example, US President Donald Trump’s leading corona adviser, Anthony Fauci, has warned of “really serious” consequences if the easing is done too quickly.

In addition, the growing tensions between the USA and China are dampening the buying mood. According to recent reports, the government in Beijing appears to be considering renegotiating the trade agreement.

Click here for a complete index overview

The US stock markets showed red signs on Tuesday.

Read Also:  Senate is planning stricter corona requirements for companies

The Dow Jones showed a small plus at the start of trading, but tended to be mostly in the loss zone after some back and forth. Ultimately, it went down 1.89 percent from the trade at 23,764.78 points. Also the NASDAQ composite was initially able to grow, but soon gave way. He also ultimately lost 2.06 percent to 9,002.55 jobs.

On the one hand, the global easing of the corona restrictions is fueling investors’ hope that an economic recovery can now proceed faster. On the other hand, however, the fear of another wave of infection remains high. The US-China trade dispute also caused uncertainty again: “The increased risk for US-China trade relations and the corona data from particularly badly affected countries are inconvenient for investors,” commented James Athey, investment expert at Aberdeen Standard towards dpa. The sharp drop in inflation in the USA, on the other hand, had little impact on market activity. This had recently decreased as much as in 2008. The statements made by the recognized immunologist Anthony Fauci regarding the corona loosening then caused further uncertainty in late trading. He warned against a return to normality too quickly: “That could have really serious consequences”.

Click here for a complete index overview

Asian equity markets find no common direction on Wednesday.

In Japan the closed Nikkei with a loss of 0.49 percent at 20,267.05 points. Headwind came from the firmer yen.

In contrast, things are going up in Chna. On the Chinese mainland, the Shanghai Composite current (8:43 a.m.) by 0.19 percent to 2,897.15 index points. The Hang Seng Hong Kong also climbed 0.21 percent to 24,295.47 units.

Read Also:  The boss of BKPM turns out to be seducing again, Tesla, to build a factory in RI

The market remains torn between loosening and caution in the Corona crisis. In the United States, prices had dropped significantly the previous evening after US President Donald Trump’s leading corona adviser, Anthony Fauci, warned that the pandemic restrictions would be eased too quickly.

Click here for a complete index overview

Share on facebook
Share on pinterest
Share on twitter
Share on linkedin
Share on email


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.