At the end of an already very weak week in the stock market, the Dax has Down again on Friday. The number of coronavirus infections has risen sharply in Europe recently and has taken its toll on the stock market: the leading German index lost 1.09 percent to 12,469.20 points. It failed to hold the 12,500 mark and fell to its lowest level since late July in the course of trading. Weekly, the result is less than 4.93 percent.
The MDax the 60 stocks on the mid-market stock managed at least a 0.11 percent gain to 26,452.76 points on Friday.
Due to the spread of the virus “economic forecasts are fraught with a high level of uncertainty,” said economist Carsten Mumm of the Donner & Reuschel bank. The subsequent course of the pandemic is hardly predictable, and neither are lockdown measures. Therefore, the international stock markets are in a consolidation phase.
At the end of the week, investors avoided many of the stocks in the banking and auto sectors that were seen as particularly sensitive to the economy. So the BMW papers sank at the end of the Dax
by 2.6 percent.
Lufthansa airline shares were in MDax
at minus 3.3 percent, the second weakest value behind Thyssenkrupp . Meanwhile, Lufthansa’s role had fallen to its lowest level since 2003. Shares of the airport operator Fraport lost 2.7 percent.
Among the smallest titles of SDax Klöckner & Co at the top of the index by almost eight percent. Investors welcomed the forecast of higher profits from the Duisburg steel trader the day before for the third quarter.
The initial public offering of Bavarian defense electronics manufacturer Hensoldt the shareholders did not do well. After an initial Xetra price of 12 euros, exactly the same as the issue price, it dropped to 10.57 euros. The shares closed at 11 euros. The issue price was already conceivably low in view of the 12-16 euro range. Hensoldt is the former radar division of Airbus. , which was acquired by US financial investor KKR in 2017.
The EuroStoxx 50 it lost 0.71 percent to 3,137.06 points. For the French Cac 40 fell similarly and significantly, while the British FTSE 100
moderately increased. Stock traders argued here with a countermove after a particularly weak stock trend in London the day before. In New York, the Dow Jones Industrial moved
Just from the spot to the close of European operations.
The course of the euro fell even more. The European Central Bank set the benchmark rate at 1.1634 (Thursday: 1.1645) US dollars. The dollar cost 0.8595 (0.8587) euros. In the bond market, the current yield rose from minus 0.53 percent the day before to minus 0.52 percent. The Rex pension index it fell 0.05 percent to 145.78 points. The future of the Bund increased 0.18 percent to 174.65 points./la/fba
— By Lutz Alexander, dpa-AFX —
ISIN DE0008469008 EU0009658145 DE0008467416
AXC0293 2020-09-25 / 18: 20
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