That is spreading more and more worldwide
Coronavirus plunged US stock markets on Monday. The
Dow Jones Industrial who joined at about two weeks ago
had reached a record high of more than 29,500 points and was more than 1,000
Points and closed under the 28,000 mark. Ultimately
he ended the day with minus 3.56 percent at 27,960.80 points
the lowest since mid-December.
The broad S&P 500 lost 3.35 percent
3225.89 counters and the technology-heavy Nasdaq 100 index
fell 3.89 percent to 9079.63 points. On the other hand
were government bonds in the wake of investor risk aversion as
“Safe havens” asked. Ten-year US bonds rose that day
to the highest level since summer 2016.
Experts are now skeptical about the global spread
of the new corona virus can still be stopped. “The time window
the containment of the outbreak now closes very quickly, ”
quoted the British newspaper “The Telegraph” Devi Sridhar of the
Edinburgh University contributing to global public health
research. Nathalie MacDermott, Infectious Disease Expert at
renowned King’s College in London, named above all that
Situation in Italy, South Korea and Iran “very worrying”.
Goldman Sachs analysts have since revised theirs
United States gross domestic product (GDP) estimates
below. Instead of annual GDP growth projected in
in the first quarter of 1.4 percent, they now only expect
1.2 percent growth. Above all, they referred to one
slower than previously expected recovery in economic activity in
China as well as the travel industry.
There were almost no winners on the US stock exchanges that day. All over
predominated deep red signs. Shares came under particular pressure
of companies that are directly affected by the consequences of
Infectious diseases are affected, such as travel and
Airlines, booking portals or health insurance. in the
Dow was UnitedHealth’s stock with minus 7.8
Percent taillight. American Airlines took part in the Nasdaq
with minus 8.5 percent the last place and also
the online travel portal Booking Holdings and Expedia
Group showed losses of around 7 percent
very weak.
Even the one that is heavily dependent on global economic development
Technology stocks were high on the loser lists. If the
Production is at a standstill or slowing down, supply chain bottlenecks
make themselves felt and demand weakens,
this is reflected directly in this branch. So they paid
Tech heavyweights Apple nearly 5 percent and
Microsoft more than 4 percent.
GM and Ford lost among car manufacturers Likewise
more than 4 percent and Tesla 7.5 percent.
Among the few values that could be kept relatively stable
counted as defensive and therefore less cyclical
Shares from consumer goods manufacturers, telecom providers and
Pharmaceutical manufacturers.
Gilead Sciences shares and Regeneron
Pharmaceuticals even increased significantly by 4.6
or 5.5 percent. The biotech company Gilead has
with Remdesirvir a drug developed in clinical studies in
Wuhan had recently proven effectiveness. Brave investors
apparently speculate on possible further groundbreaking
Successes. Regeneron had announced earlier this month that the
Combat coronavirus intensified with the United States Department of State
Health and Social Services (HHS) work together to create a
To develop antibody treatment.
The Euro became the close of trading on Wall Street
traded at $ 1.0855. In early European business
the common currency was just above the 1.08 mark
Dollar noted. The European Central Bank (ECB) set the
Reference price on Monday finally at 1.0818 (Friday: 1.0801)
Dollar tight. The dollar thus cost 0.9244 (0.9258) euros. At the
US bond market saw strong growth in ten-year government bonds and
rose to the highest level since mid-2016
by 1 point to 101 8/32 points, bringing the return to 1.36
Percent was pressed
— By Claudia Müller, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0284 2020-02-24 / 22:48
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
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