U.S. and European stock prices fell on Thursday, while the British pound continued to depreciate amid continuing disagreements between Britain and the European Union (EU) over briquette legislation.
The fall on Wall Street came after a $ 500 billion economic support package was passed in the Republican-led U.S. Senate. It was significantly less than the $ 3 trillion package adopted by the Democratic House of Representatives in May but not adopted by the Senate.
The Wall Street Nasdaq Composite Index fell 2.0% as stock prices for Apple, Amazon and other high-tech companies fell.
Large technology companies had benefited from the new coronavirus pandemic, which boosted demand for digital services, streaming and e-commerce.
“It simply came to our notice then [aizvien vairāk] the issue of the ‘work from home’ industry, “said TD Ameritrade analyst JJ Kinhan.
The euro appreciated against the US dollar and against the depreciating British pound, calling on the European Commission (EC) to abandon parts of the planned bill that would not comply with the Brexit Treaty, and to suggest that it could have legal consequences.
The Dow Jones Industrial Average fell 1.5% to 27,534.58 points on Thursday, the Standard & Poor’s 500 fell 1.8% to 3,339.19 points and the Nasdaq Composite fell 2.0% to 10,919.59 points.
The London Stock Exchange index FTSE 100 fell 0.2% to 6013.32 points on Thursday, the Frankfurt stock exchange index DAX 30 fell 0.2% to 13,208.89 points, while the Paris stock exchange index CAC 40 fell 0.4% to 5023 .93 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil fell by 2.0% on Thursday to USD 37.30 per barrel. The price of Brent crude on the London Stock Exchange fell by 1.8% to $ 40.06 per barrel.
The euro rose from 1.1803 to 1.1816 dollars per euro on Thursday, the British pound fell from 1.3002 to 1.2805 dollars per pound and the US dollar against the Japanese yen fell from 106.18 to 106.13 yen per dollar. The value of the euro against the British pound rose from 90.78 to 92.26 pence per euro.
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