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DAX temporarily lower – Asian stock exchanges in the red – Wirecard continues business – Commerzbank could cut thousands of jobs – Major Lufthansa shareholder expects long restructuring process | message

Verdi calls for work stoppages on Amazon again. Federal government terminates contract with auditors after Wirecard scandal. Corona conference pledges aid of 6.15 billion euros. BVB after bankruptcy against Hoffenheim with hangover mood in the summer break. 90 companies stop Facebook advertising.

The German stock market is likely to remain under pressure at the start of the new week.

Of the DAX appears around an hour before the start of trading on Monday with a red sign – the 12,000-point mark should be put to the test.
Of the TecDAX is also weaker in pre-exchange trading.

Concerns about the rampant corona virus pandemic continue to shape everyday life on the stock exchange. On the other hand, there are some economic data that point to an economic recovery. “The struggle of investors for the broader perspective has not yet been decided,” it said in the current issue of Fuchs-Kapital. “The stock exchange has speculated that the economy will recover. Now the real economy has to deliver. We’ll stick to it: wait and see.”

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Europe’s markets showed losses on the last trading day of the week.

Of the EuroSTOXX 50 won something at the start. In the course of the stock market barometer gave up its profits and closed in red.

The European stock exchanges thus followed their US counterparts in the red. Once again, investors continued to be concerned about the recent surge in US corona cases.

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The US stock markets showed deep red signs before the weekend.

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 ring the start bell.

The Corona pandemic had a firm grip on Wall Street on Friday. Worries about 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 did not prove to be a support: consumer spending in May did not rise as much as expected and the consumer climate determined by the University of Michican disappointed.

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The exchanges in the Far East give way on Monday.

It sinks in Tokyo Nikkei 2.03 percent to 22,055.37 index points (as of 07:32 CEST).

On the Chinese mainland, the Shanghai Composite after the long weekend 0.64 percent lower at 2,960.37 points. In Hong Kong it’s for Hang Seng 1.12 percent down to 24,275.31 points.

Some market participants continue to speak of the fear of a new corona infection wave, while it is already rolling out for other participants. Because more and more countries are reporting new record numbers. For example, new conditions with standstills have been issued in the south of the USA: Florida is at the center of concerns with a new daily high level of new infections. Even in China, with a focus on Beijing, entire city districts were closed off again due to new outbreaks.

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