NEW YORK (awp international) – After the weak start to the week on Wall Street, economic concerns are likely to keep the upper hand on Tuesday. The major share indices limited the losses in pre-market trading somewhat; however, there are no signs of a resumption of the recovery of the past week. Stimuli from the economy are not on the agenda and there are signs of price gains for the US government bond business. Investors therefore prefer government bonds that are considered safe.
The broker IG appraised the US leading index Dow Jones Industrial around an hour before the start of trading with a 0.7 percent drop to 30,955 points. The technology-heavy select index Nasdaq 100 is likely to start on the spot. The index came under strong pressure on Monday and lost a good two percent.
Pepsico shares are up a good 1 percent in premarket trading. The soft drinks maker has raised its annual targets for the second quarter in a row. Despite the weak economy and the corona pandemic, Pepsico has again achieved strong results, wrote analyst Nik Modi from bank RBC.
The papers of the clothing chain Gap lost more than seven percent before the starting bell. After two and a half years, the company separates from the boss Sonia Syngel. You had not been able to steer the ailing company into calmer waters.
Shares in copper producers such as Freeport Macmoran and Newmont Mining also fell. The US investment bank Goldman Sachs has significantly lowered its price forecasts for copper and expects copper prices to continue to fall./bek/jha/
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