(In the report sent at 10:08 pm, incorrect index levels were given. A corrected version will follow.)
MARKETS USA / Sales after strong month – Bitcoin at record high
NEW YORK (Dow Jones) – A very strong month on Wall Street ended in losses on Monday. The uncertainties surrounding the corona pandemic, but also the accumulated profits, led investors to sell. Because November was the strongest month in over three decades. The S&P 500 even had the best November in its history. For a long time, trade has been moving between hopes for the imminent availability of corona vaccines and the currently rampant wave of corona infections.
The Dow Jones index lost 0.9 percent to 29,639 points. The S&P 500 was down 0.5 percent and the Nasdaq composite was down 0.1 percent. According to initial information, there were 863 (Friday: 1,712) price winners, 2,290 (1,374) losers and 70 (98) unchanged shares on Nyse.
“We have a lot of very good vaccine news,” said Daniel Morris, senior market strategist at BNP Paribas Asset Management. By the end of the year it should mainly go up, with likely setbacks here and there.
The mood was clouded somewhat by the fact that the outgoing US administration was under president Donald Trump fueled the trade conflict with China again. According to media reports, Trump wants to put China’s largest chip maker SMIC and the oil giant CNOOC on the black export list. The two companies are owned or controlled by the Chinese military, it said.
On the economic side, the Chicago purchasing managers’ index for November posted a stronger than expected decline to 58.2 from 61.1 in the previous month. Economists had only expected a decrease to 59.1.
Moderna jump up with vaccine application
Among the individual stocks, S&P Global was 3.0 percent stronger. The company buys IHS Markit Ltd, making it one of the largest financial data providers in the United States. The pure stock deal is valued by IHS Markit at around 44 billion US dollars, as S&P Global announced. The Wall Street Journal had previously reported from circles about the upcoming merger. It’s the world’s largest merger of the year. IHS Markit gained 7.4 percent.
Moderna made a jump of 20 percent forward. The vaccine manufacturer wants to submit applications for approval of a vaccine against Covid-19 in the US and Europe this Monday. After completing the study, the vaccine had a success rate of 94.1 percent, said the US company, which had previously reported such effectiveness.
United Airlines has started to organize charter flights to distribute vaccination doses of the two companies Biontech and Pfizer, according to circles. The distribution plan includes existing but also additional capacities for cool storage and transport of the cans, it said. At the same time, the British government has informed the state hospitals that they should be ready to start distributing the Pfizer Biontech vaccine as early as next Monday. Pfizer prices rose by 2.9 percent, Biontech advanced by 13 percent.
Apple shares benefit from friendly analyst voices, who mainly highlighted the strong demand for the new 5G iPhones and the new Mac models with Apple’s own processor. For example, Loop Capital increased its rating to “Buy”. The house expects that Apple will exceed the experts’ expectations. The share gained 2.1 percent.
Advanced Micro Devices were 6.3 percent more expensive. CEO Lisa Su encouraged investors to buy the stock by announcing 2021 as a growth year for PCs at a conference. The first quarter for the chip manufacturer will be better than usual for the season.
Nikola, on the other hand, fell by 27 percent. The car company General Motors (GM) will not participate in the manufacturer of battery-electric and fuel cell-powered vehicles. However, GM will deliver its fuel cell systems to Nikola for the construction of commercial vehicles. The GM share fell 2.7 percent.
Euro comes back from the daily high
Bitcoin caused a sensation on the foreign exchange market. The cryptocurrency reached the highest level in its history at $ 19,857. Bitcoin futures even broke the $ 20,000 mark. Meanwhile, the euro continued to trade above the 1.19 mark at 1.1930 dollars, but fell significantly from the daily high of just under 1.20. The dollar index turned 0.3 percent into positive territory with the renewed increase in caution.
Oil prices fell after strong gains in the previous week. The Opec meeting, at which the future funding policy will be negotiated, is eagerly awaited. An extension of the funding restrictions, which will run until the end of the year, is expected, but the first deviations are expected. The US variety WTI lost 0.7 percent to 45.20 dollars, Brent dropped 1.2 percent to 47.59 dollars. On a monthly basis, WTIoil however, in line with the stock market, 27 percent made up.
The gold price fell by 0.6 percent to 1,777 dollars a troy ounce. The hopes that corona vaccines would soon be available led to shifts towards higher-risk investments.
US bonds showed little change. The ten-year return rose minimally by 0.2 basis points to 0.85 percent.
INDEX last +/-% absolute +/-% YTD
DJIA 29.638,64 -0,91 -271,73 3,86
S&P-500 3.621,63 -0,46 -16,72 12,10
Nasdaq-Comp. 12.198,74 -0,06 -7,11 35,96
Nasdaq-100 12.268,32 0,08 10,10 40,48
Maturity Yield Bp to VT Yield VT +/- Bp YTD
2 years 0.14 -0.8 0.15 -105.8
5 years 0.36 -0.6 0.37 -156.3
7 years 0.62 -0.1 0.62 -163.1
10 years 0.85 0.2 0.84 -159.9
30 years 1.58 0.1 1.58 -149.1
Forex last +/-% Mon, 8:02 a.m. Fri, 5:30 p.m.% YTD
EUR/USD 1,1930 -0,31% 1,1964 1,1956 +6,4%
EUR/JPY 124,56 +0,03% 124,37 124,36 +2,2%
EUR/CHF 1,0839 +0,15% 1,0806 1,0815 -0,2%
EUR/GBP 0,8948 -0,36% 0,8969 0,8970 +5,7%
USD/JPY 104,41 +0,35% 103,88 104,02 -4,0%
GBP/USD 1,3333 +0,07% 1,3339 1,3330 +0,6%
USD/CNH (Offshore) 6,5841 +0,17% 6,5742 6,5680 -5,5%
BTC / USD 19,414.25 + 6.91% 18,514.08 16,680.79 + 169.3%
ROHOEL zuletzt VT-Settl. +/- % +/- USD % YTD
WTI/Nymex 45,20 45,53 -0,7% -0,33 -19,3%
Brent/ICE 47,59 48,18 -1,2% -0,59 -22,5%
METALS last previous day +/-% +/- USD% YTD
Gold (Spot) 1.776,54 1.787,45 -0,6% -10,92 +17,1%
Silver (spot) 22.63 22.73 -0.4% -0.10 + 26.8%
Platinum (Spot) 967.53 968.00 -0.0% -0.48 + 0.3%
Kupfer-Future 3,43 3,40 +0,8% +0,03 +21,3%
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DJG / DJN / once
(END) Dow Jones Newswires
November 30, 2020 16:27 ET (21:27 GMT)