The German benchmark index closed with a loss of 0.18 percent at 11.949,28 points. On a weekly perspective, a loss of almost seven percent, the first setback is in order since mid-may. The MDax of medium-sized German stock market values lost on Friday to 0.15 per cent on 25.477,06 points. DAX 11.949,28 PT. -21,01 (EUR -0.18%) Xetra
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The revival of Wall Street, had given to the German market in the late trading, although at first a little back wind, but then the profits from crumbled there a bit. “As before, caution and restraint characterise the behaviour of the Investors. No one wants to sit in front of the weekend too far out of the window and greater risks“, stated market observer Timo Emden from Emden Research. Webinar with Marc Friedrich: How do you now protect your wealth
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had the start of the week, the rally brought the Dax to close with the round mark of 13,000 points, but then the market was pivoted to the observers, the long-awaited correction rate. On Thursday on pessimistic statements made by the US Central Bank, the Fed, for short-term economic development, as well as the fear of a second Corona-shaft had pulled the stock exchanges in the world to the bottom.
Larger gains in New York
The Wall Street rallied, however, significantly from your course slip on the previous day, with the Dow Jones & co. on Thursday also larger losses than the Dax had made. The Dow Jones Industrial rose to 1.95 percent on 25.618,69 points for the broad market S&P 500, it went up on Friday by 1.57 per cent to 3049,36 counter top. The technology-heavy Nasdaq gained 1.43% on 9725,79 points.
Nevertheless, the Dow Jones is heading for a weekly loss of almost six percent. Because on Thursday, the stock market had collapsed as a barometer of just under seven percent. A grim economic assessment by the US Central Bank, the Fed, and the fear of a second Corona wave had driven the investors away. Are you interested in in addition to values? The professionally managed trading service “Small Caps Champion” takes all the Research and analysis work. (Partner offer) Now 30 days free of charge test!
On Friday, in turn, statements of an economy based scientist and consultant of US President Donald Trump. Kevin Hassett had already said the day before that, July was a “good time” for a new U.S. aid package for the economy. This assessment is to acting positive.
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/Reuters
