Stock prices in the US and mostly in Europe on Wednesday, October 15, fell on concerns about a sharp rise in COVID-19 infections, uncertainty about the situation after Brexi and the prospect of adopting the US economic stimulus package.
The slow rise in Wall Street stock prices in the morning was replaced by a fall following US Treasury Secretary Steven Mnuchin’s announcement that the White House and Democrat congressmen are far from agreeing on a new US economic stimulus package.
The indices of the London and Paris stock exchanges decreased, while the index of the Frankfurt stock exchange increased by 0.1%.
Noting the new limitations of COVID-19 in Europe and elsewhere, ThinkMarkets analyst Fawad Razaqzada warned that
“At this level, the economic recovery in Europe is likely to come to a halt, and investors are apparently reacting by reducing their exposure to the euro and European equities.”
Concerns about the pandemic have returned as the number of COVID-19 infections has risen sharply and two pharmaceutical companies have suspended clinical trials of vaccine candidates and treatments.
These statements “had a depressing effect on the market seeking [iedrošinošas] signs and positive statements “, said Prudential chief market strategist Quincy Krosby.
US stock index Dow Jones Industrial Average on Wednesday fell 0.6% to 28,514.00 points, the index Standard & Poor’s 500 fell 0.7% to 3488.67 points, while the index Nasdaq Composite decreased by 0.8% to 11,768.73 points.
The London Stock Exchange index FTSE 100 fell 0.6% to 5935.06 points on Wednesday, the Frankfurt stock exchange index DAX 30 rose 0.1% to 13,028.06 points, while the Paris stock exchange index CAC 40 fell 0.1% to 4941 .66 points.
In the electronic trading of the New York Stock Exchange, the price of WTI crude oil increased by 2.1% on October 14 to USD 41.04 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 2.0% to $ 43.31 per barrel.
The euro remained unchanged at $ 1.1746 per euro against the US dollar on Wednesday, the pound sterling appreciated from $ 1.2937 to $ 1.3018 per pound and the US dollar against the Japanese yen fell from 105.48 to 105, 13 yen per dollar. The euro fell against the British pound from 90.79 to 90.22 pence per euro.
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