Düsseldorf US stock investors react in the face of the increasing numbers of Corona infections nervous. In six States there was a record increase in the number of new infections within a day. Apple announced that it plans to close some of its stores.
In early trading the stock markets were still benefiting from positive signals in the trade dispute between the United States and China, as well as rising Oil prices and solid tends. Contributed to the fluctuations in the trade history is also expiring Futures and options contracts on the futures exchanges.
The Dow-Jones Index of the default values was 0.8 percent lower on 25.871 points from the trade. The technology-heavy Nasdaq traded barely changed at 9946 points. The broader S&P 500 lost 0.6 percent to 3097 points.
After the recent setbacks in the fight against the spread of the Coronavirus tracks U.S. investors to trade at the beginning initially new courage taken, and betted that the government and Central Bank can bring the economy back on track.
But the pandemic is far from banned, in the back of the head, the fear of a second wave remains. A quick relapse is more likely to be excluded, analysts are expecting in terms of the price performance of the Dow Jones Index with a range between 22.700, and 28.200 points.
The number of infections in the U.S. has risen, according to the centers for disease control (CDC) to 23.138 to 2,178 million. In addition, 733 more death had been cases, for a total of 118.365 recorded.
Apple announced that it plans to close some of its U.S. stores in the States of Arizona, Florida, and North and South Carolina. The share of the iPhone-manufacturer was one half of one percent.
The hope for a rapid economic recovery, however, prevented first, greater exchange rate losses in the total market. “We expect a continued rise in stock prices, driven by a very aggressive easing of monetary policy, fiscal aid, and the continued re-opening of the world economy, with some temporary setbacks,” said strategist Sébastien Galy by the asset Manager Nordea Asset Management.
“A lot of indicators screaming to the Overvaluation of the market”
A: U.S. investors are hoping that the waters between the United States and China to smooth in view of the recent trade negotiations. China plans to accelerate the purchase of American agricultural goods to the trade agreement the Phase one with the United States after talks in Hawaii this week to meet.
In the so-called Phase One-part of the United States and China had agreed to impose no new duties. Moreover, China, with additional US promised to buy goods to the value of about 200 billion dollars, and over the next two years, including, according to the US government as well agricultural goods to the value of 40 to 50 billion dollars.
However, China bought in the first four months of the year, only agricultural goods to the value of 4.65 billion dollars, as data from the US Department of agriculture show. The are only 13 percent of the trade agreement objective, and almost 40 percent less than in the same period in the year 2017.
At the beginning of the month, had arranged to Chinese government representatives, according to insiders, as a response to the rising tensions over Hong Kong, the large state-owned agricultural corporations, the purchase of some of American agriculture goods to break, as Bloomberg reported.
Chinese importers have increased their us soybean purchases and that in the two weeks up to 11. June to 2.2 million metric tons of the Oilseed harvested, according to data from the U.S. Department of agriculture.
Now China intend well, the purchase of everything from soy beans to speed up to Corn and Ethanol, after the purchases are advised due to interference due to corona virus to a Halt, according to Bloomberg, in reference to the matter of familiar people.
On Thursday, the US Secretary of state Michael Pompeo said that China’s highest officials have committed to the foreign policy of all of the obligations of his Nation, in the framework of the trade agreement to be complied with.
Individual values in the focus
Because of the negative messages to Coronavisrus pandemic, the shares of US airlines were once again particularly under selling pressure. So United Airlines fell 6.4 percent, Delta Air Lines fell 4.2% and American Airlines lost 3.0 percent.
The Microsoft papers reached in the course of a further peak of 199,29 dollars. Thus, monitoring the stock market value of $ 1.5 trillion. This is successful except Apple has, as yet, no company. Ultimately, the shares in the software group, lost 0.6 percent to 195,15 Dollar and thus fell under the 1.5-trillion-mark in market capitalisation.
The Tesla papers lost 0.3 percent. The US electric car maker wants to move into his home quickly, a new plant is high. Start of construction of the planned factory in Texas County Travis County to be up and running this summer. Tesla has so far in the USA only a car factory. Another factory was opened in Shanghai, one is planned in Grünheide near Berlin.
A sell recommendation from Goldman Sachs for Slack Technologies, the shares of the provider of Online office communications transported by 3.2 per cent down. Although Slack by the Home Office have received Trend in the short term, back wind, by Microsoft a significant competitive threat but it was.
With Agency Material
More: The day of trading at the Frankfurt stock exchange.
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