ROUNDUP / Aktien New York End: Delta variant hails the start of the week

held up a little better with a minus of 0.90 percent to 14,549.09 points.

The delta variant of the corona virus triggered a flight of investors into safe investments, said Edward Moya of the trading house Oanda. “Global economic concerns are increasing,” the analyst wrote in a market commentary. Investors would have avoided risky investments such as stocks, commodities and cryptocurrencies and instead opted for bonds. Ten-year US government bonds rose to their highest level in around five months on Monday.

The spread of the delta variant fueled concerns among investors about new restrictions, for example in travel and tourism. So Boeing’s shares fell by almost five percent to the Dow end. The papers of airlines, American Airlines, also came under pressure , Delta Air Lines and Jetblue lost three to a good four percent. The shares of hotel operators and cruise lines also fell back.

The prices of the US oil industry came under pressure after the oil cartel Opec and its partner countries (Opec +) agreed on a significant increase in oil production over the weekend in view of the global economic recovery. When the price of oil fell sharply, the shares of ExxonMobil lost , Chevron and ConocoPhillips between 2.7 and 3.4 percent.

The video conferencing service Zoom moved forward with a takeover project in the view of investors. Zoom wants the US company Five9 for 14.7 billion US dollars (around 12.5 billion euros) , a cloud software provider for customer communication, and thus position itself more broadly. The purchase is to be financed with own shares. The Five9 management is behind the deal, which – if realized – would be the largest in the history of Zoom. While Zoom shares fell 2.2 percent, Five9’s shares rose nearly 6 percent.

The Euro stayed at the $ 1.18 mark in later US forex trading, and closed at $ 1.1797 on Wall Street. The European Central Bank had previously set the reference rate at 1.1766 (Friday: 1.1802) dollars. The dollar had thus cost 0.8499 (0.8473) euros.

On the bond market, the futures contract for ten-year Treasuries (T-Note-Future) rose by 0.57 percent to 134.60 points. The yield on ten-year government bonds fell accordingly to 1.19 percent./bek/he

By Benjamin Krieger, dpa-AFX

Source: dpa-AFX

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