Dow Closes Lower – DAX Ends Red – Microsoft Exceeds Expectations – Plattner Buys SAP Shares – Covestro Profits – Schaeffler, RATIONAL, HSBC, BP ​​Featured | Message



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Investors in the German stock market were again pessimistic on Tuesday.

Of the DAX it increased slightly in the opening, but turned red shortly after. In the meantime, it managed to fully recover the discounts and traded slightly above the zero line, but at close of trading it was again 0.93% at 12,063.57 points. Of the TecDAX he started a little higher and was able to gain strength later on. At the end of the trading, however, he gave up his profits and practiced 0.2 percent at 2,914.46 figures.

There are still many factors of uncertainty. The number of crown cases in Germany and Europe continues to rise and US President Trump has again indicated that they are the result of the upcoming American elections will not recognize.

There is currently a clear glut of bad news, to which investors have reacted more vigorously than they have recently, according to portfolio manager Thomas Altmann of QC Partners.

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European stock exchanges were weaker on Tuesday.

Of the EuroSTOXX 50 It was a bit firmer at the start of trading, but then it dropped 1.12% to 3,070.60 points.

In addition to weak U.S. guidelines, continued bad news about the growing number of infections has also troubled investors. Experts believe that there is no history for purchases. Even bargain hunters evidently, contrary to initial hypotheses, currently do not use it.

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Wall Street initiated a stabilization attempt on Tuesday, with moderate success.

Of the Dow Jones it tended to start trading 0.12% lower at 27,651.18 points and then drop further. It closed with less than 0.8 percent at 27,463.19 points. The technological one NASDAQ Composite When the stock market opened, it was 0.44% higher at 11,409.34 points and followed this trend later. Eventually, it was up 0.64% to 11,431.35 positions in the evening.

“A week before the US presidential election, the markets are becoming a little calmer,” said dpa analyst Ricardo Evangelista of broker ActivTraders. The expert calculates that stock market volatility will decline until an outcome for future White House employment is evident.

Meanwhile, investors focused on reporting season, which provided plenty of discussion topics on Tuesday.

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Asian equity markets were mixed on Tuesday.

The main Japanese index Nikkei it closed at 23,485.80 points, just 0.04% lower.

In mainland China he went Shanghai Composite at 3,254.32 units 0.1 percent higher than the session.
In Hong Kong, however, prices fell sharply after the previous holiday. Of the Hang Seng fell 0.53% to 24,787.19 points in the evening.

The growing number of corona cases and the upcoming US elections have caused nervousness in Asia as well, but they don’t seem to scare investors as much as they do in Europe and the US.

In China, a low may have been reached by now, experts said. The recovery in domestic consumption will now support the government’s new five-year plan, which is currently being drawn up.

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