At the end of last week, the struggle between private speculators organized on the Internet and professional hedge funds, which are banking on falling prices, had a particularly negative impact on the stock market. In the meantime, the first judicial authorities have intervened in the dispute over speculation in the shares of the video game retailer Gamestop and other companies on the US stock exchange.
The strategists at JPMorgan bank meanwhile believe it is unlikely that the struggle between the two groups could set the markets back significantly. Bigger setbacks usually occur with poor growth prospects and high valuations, they argued.
In the meantime, the broker Robinhood restricted trading in Gamestop shares and other stocks, including AMC Entertainment. While Gamestop last slumped 29 percent on Monday, AMC gained four percent.
The precious and industrial metal silver became the new object of speculation on the financial market. The price for a troy ounce (31.1 grams) rose on Monday for the first time since the beginning of 2013 above the 30 US dollar mark. Silver producer stocks shot up at the start of the week in New York. First Majestic Silver, for example, gained around 23 percent, Pan American Silver rose in price by a good ten percent and Fortuna Silver Mines by more than 14 percent.
Curevac gained nine percent. Together with the pharmaceutical company Bayer, the production of the Covid-19 vaccine is to be expanded. A cooperation that had already been concluded at the beginning of January was expanded.
Up ahead in the Dow, Microsoft’s shares were close to their record highs, up 3.8 percent. In last place, the shares of the pharmacy chain Walgreens Boots Alliance lost 1.3 percent./ajx/fba
(AWP)
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