Thursday February 13, 2020
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The markets are still concerned about the effects of the ongoing coronavirus epidemic in China. The main US indices leave points. The Tesla share, on the other hand, can grow again after a capital increase and a bad start.
Ongoing concern about the coronavirus epidemic has hit Wall Street again. After the slower spread of the disease on the previous day was expected – with new index records – a significant increase in known cases startled investors.
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Although it is a one-time change in the methodology for the detection procedure, said chief strategist Seema Shah from Principal Global Investors. This does not necessarily indicate a higher infection rate. “However, should the changed methodology lead to a faster increase in registered cases, the mood on the market would inevitably change.”
The Dow Jones lost 0.4 percent to 29,424 points. The technology-heavy Nasdaq fell 0.1 percent to 9712 points and the broad one S&P 500 also lost 0.2 percent to 3374 points. The Dax had previously closed just under minus at 13,745 points. The Euro Stoxx 50 lost 0.4 percent to 3841 points.
The focus of US investors was on defensive papers, for example from the real estate sector or from utilities. Titles with a clear consumer focus also rose. The shares of Cisco slipped 4.9 percent by numbers. The network supplier warned of its customers’ continued reluctance to invest. Basically, the business remains solid, judged analyst George Notter from the investment bank Jefferies.
After a short shock, Tesla gains
The electric car maker Tesla uses the favor of the hour with an extremely high rating and raises fresh capital. The company plans to raise approximately $ 2 billion through a capital increase. After losses, the stocks have now turned positive and are advancing by 4.6 percent.
The price rally of the past few days initially seemed fitting on the oil market, but then prices turned positive as the stock market recovered. The International Energy Agency has lowered the growth forecast for global oil demand due to the epidemic in China to the lowest level since 2011. The price for a barrel of US light oil of the type WTI up 0.9 percent to $ 51.62, European reference oil of the variety Brent 1.3 percent to $ 56.53.
The demand for supposedly “safe systems” is picking up again with the changed weather conditions in China. The gold Price rises 0.6 percent to $ 1,576. On a euro basis, the precious metal is at an all-time high.
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