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Economic worries bring the Dax to its knees

2020-05-14T13:20:13.172Z


Frankfurt / Main (dpa) - Economic worries about the corona crisis have sent the German stock market down.Frankfurt / Main (dpa) - Economic worries about the corona crisis have sent the German stock market down. The leading index, Dax, picked up on its recent losses and slid 3.08 percent to 10,218.02 points in the early afternoon. The stock market barometer is now at the level of early April. The MDax fell 2.80 percent on Thursday to 22,887.47 points. The EuroStoxx 50, the leading index of the euro ...


Frankfurt / Main (dpa) - Economic worries about the corona crisis have sent the German stock market down.

The leading index, Dax, picked up on its recent losses and slid 3.08 percent to 10,218.02 points in the early afternoon. The stock market barometer is now at the level of early April.

The MDax fell 2.80 percent on Thursday to 22,887.47 points. The EuroStoxx 50, the leading index of the euro zone, slumped by more than 3 percent.

Central bank chief Jerome Powell had previously caused a minor mood on the US stock market. In his view, further stimulus measures in response to the Corona crisis may be needed to support the country's economy. In addition, there were fears again that the US-China trade dispute would boil again.

In the Dax, the papers of the car manufacturers BMW, Volkswagen and Daimler gathered at discounts between just under five and almost seven percent among the biggest losers. With regard to the price development, Wirecard's shares once again proved to be very volatile. Most recently, the paper from the payment service provider under criticism was down almost three percent.

Despite the Covid-19, Deutsche Telekom made more money at the start of the year, with T shares up by a good 1 percent. RWE also got off to a good start in the new financial year. The shares in the energy group declined by more than one percent, doing better than the market as a whole. The pharmaceutical and specialty chemicals group Merck KGaA defies the corona crisis at the start of the year, but is becoming more cautious due to the pandemic. The papers fell by almost 1 percent.

The current yield on the bond market fell from minus 0.52 percent the previous day to minus 0.53 percent. The Rex index rose by 0.07 percent to 145.43 points. The Bund future rose 0.15 percent to 173.79 points. The euro was trading at $ 1.0776 in the early afternoon. The dollar thus cost 0.9280 euros. The European Central Bank had set the reference rate on Wednesday at $ 1.0875 (Tuesday: 1.0858). The dollar had thus cost 0.9195 (0.9210) euros.

Source: merkur

All news articles on 2020-05-14

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