ROUNDUP / Aktien Europa Conclusion: Economic worries push stock exchanges clearly into the red | message
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PARIS / LONDON (dpa-AFX) – Economic worries visibly affected Europe’s stock exchanges on Thursday. The EuroStoxx (EURO STOXX 50) as the leading index of Eurozone expanded its losses after a weak start and lost 1.32 percent to 3273.98 points in the end. The French CAC 40 posted a drop of 1.33 percent to 4911.24 points. The British FTSE 100 lost 1.61 percent to 6013.34 points.
The minutes of the last US Federal Reserve meeting published on Wednesday evening triggered the sell-off, wrote analyst Michael Hewson from the trading house CMC Markets UK. According to the monetary authorities, the economic recovery in the USA depends on the further course of the corona crisis. “Members agreed that the ongoing public health crisis is weighing heavily on economic activity, employment and inflation in the short term,” it said.
Nevertheless, a number of members of the Federal Open Market Committee spoke out in favor of providing more clarity on the future interest rate path, the so-called forward guidance, only “at some point”. In the previous protocol it had been stated that this would be done at one of the next meetings.
Things also looked bleak on Thursday in the industry table of the market-wide Stoxx Europe 600. As the only winner, the index of real estate values increased> by 2.5 percent. Here, the German representative TAG Immobilien topped the list of winners with an increase of almost 7 percent after it had announced an increase in its annual targets.
The biggest loser was the price barometer of the particularly cyclical commodity companies. This lost 2.9 percent.
With regard to the individual values, the Dutch payment processor Adyen (Adyen BV Parts Sociales) was not able to convince with its half-year figures: Despite significant increases in sales and operating profit, the shares fell by 2.7 percent. Analyst Mohammed Moawalla from the US investment bank Goldman Sachs complained about disappointing profitability. Since the structural growth dynamics are intact, investors should use price weaknesses as a buying opportunity – although there has been a solid increase in value of a good 94 percent since the beginning of the year, while competitor Wirecard went bankrupt at the end of June after a billion-dollar accounting scandal./la/he