Börse Express – European stocks: Corona spread brings new concerns at the beginning of the week

Investors in the European
Exchanges have become more cautious at the start of the week. After
There was a significant recovery in the previous week on Monday in view of the
worrying spreading numbers of the coronavirus again
downhill. The EuroStoxx 50 fell over in the late morning
0.6 percent to 2713.72 points. He had been in for the past week
increased by about seven percent.

The weakest start to the week was followed by the most important ones
Country exchanges: The French Cac 40 and the
London FTSE 100 lost 0.9 percent and 1.6
Percent to 4314.28 and 5464.09 counters. In the
The most affected countries in Europe, Spain and Italy, were tackled
down the stock markets by 2.1 percent and 0.5 percent respectively. In Spain
The government is now tightening the exit ban, but in Italy
there are bright spots. The number of infections increases significantly there
slower than a week ago.

The international guidelines are negative. On the Asian stock exchanges
it had gone down and is also emerging on the US stock exchanges
a weak start on Monday. The central bank reacted in China
with a decrease in short-term interest rates for commercial banks
the crisis that is currently worsening, especially in the United States.
US President Donald Trump has Americans in the
Coronavirus crisis prepared for dramatic casualties.

“Despite massive backing from the central banks, it remains
Great uncertainty, “said market watcher Christian Henke from
Broker IG with reference primarily to the US infection numbers. If it
manage to reduce the death toll to 100,000 through containment measures
limit, “then we all did a good job together,”
Trump said at a press conference at the White House on Sunday.

Uncertainty remains particularly high in the banking sector
Monday was down in Europe – and at a discount of 3.2
Percent in the sector ranking the red lantern held. Was dominated
here is the picture of an almost seven percent drop in price
ING shares . The Dutch financial institution
initially suspended his dividend payments.

The travel sector, too, cannot escape the downward slide
Sub-index on Monday again particularly clearly by more than 2 percent
fell. Here, the downturn in the course of airlines shaped the picture:
Easyjet fell by more than 5 percent. Of the
Low-cost airlines are now leaving the entire fleet because of the pandemic
on the ground. Tui meanwhile developed stably. Of the
Travel company to receive billions of aid loans in Germany.

Also at the aircraft manufacturer Airbus are investors too
The beginning of the week has become more careful again. Airbus were with one
Discount of more than 6 percent among the largest
EuroStoxx losers. JPMorgan analysts stand up
a prolonged crisis in the European aviation industry
a. They cut earnings expectations for the industry for 2020 to
2022 on average by ten percent each.

Another weak sector was oil stocks. After all, could
Royal Dutch Shell , BP or totally theirs
even more significant initial losses, but ultimately to a maximum of 1.2
Limit percent. Oil prices fell at the start of the week because of the
economic consequences of the corona pandemic again clear. Of the
Price for a barrel of the North Sea Brent sank last week
Night to its lowest level since November 2002.

The picture in the chip sector was positive, led by about
two percent course gains with the industry supplier ASML
and the semiconductor manufacturer STMicroelectronics
. ASML expects lower sales and
stopped his share buyback program. According to analyst Frédéric Yoboué
However, the company confirmed from Bryan Garnier that it has so far
there was no significant drop in orders. “The demand remains healthy
and the supply chains are recovering, “said the expert./tih/mis

 ISIN  GB0001383545  FR0003500008  EU0009658145  IT0003465736

AXC0178 2020-03-30 / 11:40

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