The confirmation of the positive test of the tramp on Friday night first affected the Asian stock exchanges, followed by a weak start on the European stock exchanges, and the trading session on Wall Street started with a drop of about 1%.
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Investors later reduced their losses, and the Wall Street Dow Jones Industrial Average closed the trading session with a fall of just 0.5%, reflecting the view that there is currently no reason to panic.
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Briefing.com analyst Patrick O’Heer said the original “reflexive [akciju] the sale is logical “because no one knows how the diagnosis made to the president will affect the election or the upcoming vacancy in the Supreme Court.
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The fact that the market stabilized after the initial downturn shows that investors do not see the potential outcome as a “disaster,” O’Her said.
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The expectations of market participants were also boosted by the optimistic statements of the Speaker of the House of Representatives Nancy Pelosi about the ongoing talks with the Minister of Finance Steven Mnučin on the US economic support package.
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However, US employment data released on Friday was weaker than expected, raising doubts about the economic recovery.
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Oil prices fell amid fears of oversupply and under-demand.
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The Dow Jones Industrial Average fell 0.5% to 27,682.81 points on Friday, the Standard & Poor’s 500 index fell 1.0% to 3,348.42 points, and the Nasdaq Composite index fell 2.2% to 11,075.02 points.
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The London Stock Exchange index FTSE 100 rose 0.4% to 5902.12 points on Friday, the Frankfurt stock exchange index DAX 30 fell 0.3% to 12,689.04 points, while the Paris stock exchange index CAC 40 rose less than 0.1% to 4824.88 points.
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In the e-commerce of the New York Stock Exchange, the price of WTI crude oil fell by 4.4% on Friday to USD 37.00 per barrel. The price of Brent crude fell 4.5% to $ 39.11 a barrel on the London Stock Exchange.
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The euro fell against the US dollar from 1.1748 to 1.1716 dollars per euro on Friday, the British pound against the US dollar rose from 1.2891 to 1.2935 dollars per pound, and the US dollar against the Japanese yen fell from 105.53 to 105.35 yen per dollar. The euro fell against the pound sterling from 91.14 to 90.54 pence per euro.
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