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Mid-week the Rally in the US has lost records of its momentum. Market participants reported profit-taking, ausgelst of the jngsten increase in Corona cases. The youngest extension of the Anleihekufe the US Central Bank and, most recently, surprising good US economic data had supported the Sentiment is still there.
“The worst thing is, in my opinion, passed,” said Patrick Spencer of the U.S. investment firm Baird. “I think a V-frmige recovery is underway”, ergnzte of the participants.
However, there were also critical voices, which refer to the increase in the number of new infections in several US States and in Beijing. Thus, the risk of a second wave of Infection increases. “Certainly, the next phase of recovery will not be as straightforward and simple as the stage that we have just left behind us,” said Derek Halpenny, Head of Research for Global Markets in Europe, the MUFG Bank. “Now the stock market will be a little more unpredictable.”
Before the start of trading published U.S. housing starts back remained significantly behind the forecast. This increased in may by 4.3 percent, while economists had expected an increase of 22.3 percent. However, the previous month was revised slightly upwards. urthermore were issued in the last month, more building permits than expected, which speaks for a soon to upturn in Building activity.
Editorial finanzen.net / Dow Jones Newswires
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