Stock prices in the US and Europe fell on Tuesday despite promising signs of a resumption of US talks on an economic stimulus package ahead of the first US presidential election debate between President Donald Trump and his rival Joe Biden.
Markets were under constant pressure as investor sentiment was dampened by the new coronavirus and the resumption of containment measures in several countries.
“Stock prices are falling due to health concerns,” commented David Madens, an analyst at CMC Markets UK.
Crude oil prices “are falling as general sentiment has deteriorated due to the health crisis [naftas] demand prospects “, he added.
Despite US consumer confidence, unexpectedly good growth in September, “investors said [bija] cautiously before tonight’s first president [vēlēšanu] debate “was stated in a note from the investment bank Charles Schwab.
For the second day in a row, US Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi discussed a possible stimulus package for US economic recovery.
The Dow Jones Industrial Average fell 0.5% to 27,452.66 points on Tuesday, the Standard & Poor’s 500 index fell 0.5% to 3335.47 points, and the Nasdaq Composite index fell by 0.3% to 11,085.25 points.
The London Stock Exchange index FTSE 100 fell by 0.5% to 5897.50 points on Tuesday, the Frankfurt stock exchange index DAX 30 fell by 0.4% to 12,825.82 points, while the Paris stock exchange index CAC 40 fell by 0.2% to 4832 .07 points.
In the New York Stock Exchange e-commerce, the price of WTI crude fell by 3.6% to $ 39.16 per barrel on Tuesday. The price of Brent crude fell 3.4% to $ 40.98 a barrel on the London Stock Exchange.
The euro appreciated against the US dollar from 1.1664 to 1.1742 dollars per euro on Tuesday, the British pound against the US dollar rose from 1.2840 to 1.2854 dollars per pound, and the US dollar against the Japanese yen rose from 105.56 to 105.68 yen per dollar. The euro rose against the pound sterling from 90.92 to 91.33 pence per euro.
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