The recovery continues: the leading German index Dax starts the trading day with a plus of 0.3 percent at 11,519 points. Since the smaller setback on Friday, the Dax has turned around again more than six percent recovered. “Even the Asian markets are now looking rather to the end of the standstill than on the Hong Kong crisis, “said a market participant. Europe had recently built up relative strength, which should now continue.
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The mood is supported by the Fiscal and monetary policy. “The markets rely on the EU Commission on Wednesday Details of their reconstruction program and the ECB presents this with a Expansion of their purchase program supports, “says the dealer. Such a program is definitely necessary France The business climate collapsed to 59 points in May, from which 86 were expected.
It also creates optimism on the stock exchanges Jamie Dimon. The head of the US bank JPMorgan thinks that maybe one fairly rapid economic recovery could be possible. In any case, the tensions between China and the USA and the Hong Kong problem are hardly disturbing investors in their current optimism for a quick recovery from the Corona crisis.
In addition to speculation about the extent of the economic push from the corona easing, companies are also in focus, such as the Franco-Japanese auto alliance of Renault, Nissan and Mitsubishi. Top representatives of the groups have been reporting on new projects at an online press conference since 9 a.m. The car alliance has experienced a serious crisis due to the fall of top manager Carlos Ghosn and the pandemic shutdown. As insiders report, the car manufacturers want to renew the alliance. Good morning, my name is Diana Dittmer. I will accompany you through the stock exchange day today.
Read more about it here.
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