Home » Business » DAX closes a little lower – McDonald’s business slumps – 2020 forecast withdrawn – Preliminary Pinterest figures euphorize investors – focus on Tesla, TUI, Deutsche Post, Vonovia | message

DAX closes a little lower – McDonald’s business slumps – 2020 forecast withdrawn – Preliminary Pinterest figures euphorize investors – focus on Tesla, TUI, Deutsche Post, Vonovia | message

The domestic stock market paused mid-week after the recovery of the past few days.

Of the DAX opened with a small discount and continued to move on red territory in the further course of trading. Ultimately, there was a minus of 0.23 percent to 10,332.89 points on the board.

Of the TecDAX opened almost unchanged, but turned positive in the morning and stayed in the profit zone until the end of trading. At the end of the needle, he posted an increase of 1.78 percent to 2,746.09 counters.

The spring report sees Germany in 2020 in a severe recession, but should start a strong recovery as early as 2021. “The recession is clearly leaving its mark on the labor market and the state budget,” warned the experts. The stock market dropped briefly after the report was published, but started to recover.

“It should only go up if health progress also leads to economic progress,” said Thomas Altmann from QC Partners. Here in Europe it looks poor, at least with regard to the EU crisis package. The finance ministers of the EU countries have so far not been able to agree. Further deliberations were postponed to Thursday.

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On the European stock exchanges, the stocks took over on Wednesday.

Of the EuroSTOXX 50 started with a moderate discount and then slipped more clearly into the loss zone. By the close of trading, however, he was able to limit his duties somewhat again and was still 0.22 percent lower at 2,851.27 index units.

The EU finance ministers still had no unity in discussions on an EU aid package. The issue of corona bonds apparently causes disputes. In addition, investors continued to monitor the number of new corona infections and deaths. While there are promising numbers here from Germany, the number of corona deaths in the United States the day before was unprecedented in one country in one day.

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Wall Street shows a friendly tendency towards midweek.

Of the Dow Jones opened with an increase of 1.06 percent at 22,893.47 points and expanded this in the course. Also the Nasdaq composite moves in green territory after starting 1.12 percent higher at 7,975.72 meters.

The news from Europe, where the EU finance ministers were unable to agree on the financing of an aid package, is not very encouraging. But the mood is somewhat supported by the positive development of the coronavirus pandemic in Europe. This gives the US hope that it may also improve – even if the numbers of infected and dead people from the US have so far given little hope.

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The main indices in Asia found no common direction at midweek.

In Japan the closed Nikkei with a strong increase of 2.13 percent at 19,353.24 meters.

It was on the Chinese mainland Shanghai Composite when opening the closing bell at 2,815.37 units. This corresponds to a minus of 0.19 percent. In Hong Kong it went for the Hang Seng by the close of trading down 1.17 percent to 23,970.37 index points.

The price drops on Wall Street on Tuesday weighed on investor sentiment in mid-week in Asia. In Japan, however, economic data were able to support the prices: The number of orders received in the Japanese mechanical engineering sector rose surprisingly in February in the core rate. Experts had expected a decline, even if the corona crisis had not yet been so pronounced during the period in question.

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