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Dax with price slide: Coronavirus variant causes losses in stocks and Bitcoin crash


Price slide on the stock exchange: The Dax collapses by several hundred points on Friday. Concerns about a new coronavirus variant that has appeared in South Africa are putting investors on the run. Shares in airlines such as Lufthansa are falling in double digits.

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Price slide on the stock market:

The Dax collapses - worries about a new coronavirus variant burden

Photo: Martin Oeser / dapd

The Dax buckles: The German stock market will go down significantly on Friday because of the fear of a new Corona variant. The Dax temporarily slipped below the 15,300 point mark in early trading and landed at its lowest level since mid-October. Most recently he was able to recover to minus 2.8 percent to 15,466.8 points. The MDax and the Eurozone barometer EuroStoxx 50 also fell significantly on Friday.

Weak guidelines come from Asia, where worries about the spread of a possibly more dangerous and contagious coronavirus mutation in southern Africa have already resulted in high price losses. Experts fear that

variant B.1.1.529 is not only highly contagious because of its unusually large number of mutations, but that it could also penetrate the protective shield of the vaccines more easily

. After Great Britain has already stopped flights from South Africa and five other neighboring countries, other countries are likely to follow suit, suspects Jeffrey Halley from broker Oanda. The European Union also wants to cut air traffic from southern Africa at short notice because of the new virus variant.

"If the new variant turns out to be very aggressive, this could go hand in hand with the closure of international air traffic, as with the first Corona wave," warned investment strategist Jürgen Molnar from the brokerage firm RoboMarkets. Some states are already restricting freedom of travel or are about to do so.

The losers on the stock market on Friday are primarily those companies that are directly affected by current developments, such as tourism and aviation stocks. The index of European travel and tourism values ​​collapsed by up to 7.3 percent. At times, Lufthansa shares fell by more than 13 percent. The papers of the airlines Easyjet and Ryanair were just as badly damaged. Shares in the aircraft manufacturer Airbus, the engine manufacturer MTU, the Frankfurt airport operator Fraport and the event marketer CTS Eventim recorded further high price losses.

The fear of new nationwide lockdowns also hit shopping mall operators.

German Euroshop fell by up to 7.6 percent to a twelve-month low of 14.53 euros.

The papers of the rival Klepierre collapsed almost twice as badly in Paris.

On the other hand, values ​​valid as Corona winners were in demand again: Hellofresh shares rose by around 4.5 percent at the top of the Dax, followed by laboratory equipment supplier Sartorius with 4 percent.

Shares of the online retailer Zalando, which is also in view because of the "Black Friday" discount campaign, advanced by almost 2 percent.

"As long as you don't know anything about infection rates and vaccination protection, there is uncertainty on the stock exchange and it is sold," said analyst Jochen Stanzl from the online broker CMC Markets.

"And a new variant that vaccines can't control is like a new virus."

K + S in view

On Friday, however, there are no guidelines from the United States, as the financial markets there were closed on Thursday due to the holiday "Thanksgiving".

Many market participants in the USA use this for a long weekend, which is why the impulses from the USA are likely to be rare on the last trading day of the week.

There is also only one shortened trading session on Wall Street.

Investors in the fertilizer group K + S can now breathe a sigh of relief.

After the financial supervisory authority Bafin had expressed doubts about the balance sheet for 2019 and the first half of 2020, the company believes that this major factor of uncertainty has now been dispelled, as the final findings of the German accounting auditor (DPR) commissioned by the supervisors are loud Companies do not need value adjustments.

Software AG before possible sale

Current sales rumors caused Software AG shares to jump in price on Friday morning.

They gained almost 8 percent on the Tradegate trading platform compared to the Xetra close.

According to informed circles, the software provider is examining strategic options, including the sale, as reported by the Bloomberg news agency.

However, the considerations are still at an early stage and a sale is not certain.

The rumors will inject new imagination into the stock, said a trader.

However, he described it as a "poor testimony" that a sale is being considered instead of pushing the transition to the cloud.

Bitcoin gives way

Bitcoin, the world's most famous digital currency, fell back below the $ 58,000 mark.

Bitcoin and other cryptocurrencies had come under pressure in the past five trading days, as had stock prices.

On Friday, the Bitcoin price was down 8 percent.

The euro remained above the mark of 1.12 US dollars, which had fallen below the previous day for the first time since July 2020, with the most recently paid US $ 1.1215.

The European Central Bank set the reference rate in the afternoon at 1.1223 (Wednesday: 1.1206) dollars.

The dollar cost 0.8910 (0.8924) euros.

Oil prices are falling sharply

Oil prices have also fallen sharply. Market observers named the uncertainty due to a new variant of the corona virus as the reason. In the morning, a barrel (159 liters) of North Sea Brent cost 80.17 US dollars. That was $ 2.05 less than the day before. The price of a barrel of the American WTI variety fell by $ 2.49 to $ 75.90. Experts fear that because of an unusually large number of mutations, the virus variant could not only be highly contagious and penetrate the protective shield of the vaccines more easily.

During the first corona wave in spring 2020, oil prices had plummeted.

Countermeasures such as the closure of many areas of economic life were decisive.

New variants of the coronavirus awaken memories of this time and stir up fears of economic damage that would also weigh on energy demand.

With news agencies

Source: spiegel

All news articles on 2021-11-26

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