After a strong start and intermittent serves, the DAX at the end of trading 0.73 percent in the minus at 12,089.89 points.
Of the TecDAX was also firmer at the start. However, the tech index changed over the course of time.
According to experts at the end of the week, the market was still torn between rising corona worries and economic data that indicate at least a moderate recovery in the economy.
The focus remained on two DAX companies on Friday: The state rescue package for Lufthansa is in dry wipers, thus preventing the flight company from becoming insolvent. Meanwhile, Wirecard has further problems: Visa and MasterCard are considering terminating the business relationship with the group, and the Wirecard share is flying out of the Stoxx Europe 600. The share marked new lows.
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Of the EuroSTOXX 50 won something at the start. In the course of the stock barometer gave up its profits and closed in red.
The European exchanges thus followed their US counterparts in the red. Investors continued to be concerned about the recent surge in US corona cases.
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The leading US index Dow Jones closed at 2.8515.55 points, down 2.84 percent. During the course of the trade, it even broke the 25,000 mark at times. At the start of Friday trading, the US index was only 0.40 percent weaker at 25,641.69 points. In addition, the sank NASDAQ Composite by the close of trading by 2.59 percent to 9,757.22 points. He had given in only 0.21 percent to 9,995.12 units to open the starting bell.
The Corona pandemic had a firm grip on Wall Street on Friday. Fears of a second wave were pervasive. The banking sector, which came under pressure due to the bank stress test, also became a negative factor. Current economic data also proved to be unsupportive: consumer spending in May did not increase as much as expected and the consumer climate determined by the University of Michican disappointed.
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The winner in Tokyo Nikkei after the previous day’s drop on Friday, 1.2 percent to 22,512 index points.
On the Chinese mainland, there was no trading on Friday due to public holidays. Of the Shanghai Composite traded 0.30 percent firmer at 2,979.55 meters at the close of trading on Wednesday. In Hong Kong, the markets had some catching up to do after the break from the previous day. Therefore, the sagged Hang Seng 0.93 percent to 24,549.99 counters.
The mood was also weighed down by a bill passed by the US Senate, which provides for sanctions against Chinese officials who want to undermine Hong Kong’s partial autonomy. The sanctions are also aimed at banks that do business with them.
Nothing has changed in the overall environment, it said. Investors continued to worry about new waves of corona infections, particularly in the United States. There, the US state of Texas suspended further easing of the coronavirus restrictions due to a rapid increase in the number of infections. However, the fear of new lockdown measures is somewhat diminished by the continuing stimulus measures and monetary policy easing by central banks.
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