ATX and DAX open with small losses – Asia’s stock exchanges with mixed signs | 12/11/20

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At the start of the last trading day of the week, things are going down slightly on the Vienna Stock Exchange and the German stock market. Even at the end of the week, the Asian markets are not finding a uniform direction. Wall Street trading was mixed on Thursday.

AUSTRIA

The domestic stock market also gave way towards the end of the week.

The ATX shortly after the stock exchange opened, it is 0.1 percent below its previous day’s close at 2,640.90 points.

The targets from the USA and Asia were mixed, with a slightly negative trend. At the end of the week, the focus should once again be on the developments related to Brexit, which had already weighed on stock exchanges across Europe the day before.

“In terms of Brexit, there should be a result on Sunday, so that the market before the weekend is likely to be characterized by restraint rather than aggressive repositioning,” say the market experts at Helaba. In addition to the unresolved Brexit, the ongoing EU summit also has the potential to cloud sentiment, it was also said. On the economic data side, the Michigan sentiment from the USA in particular should attract attention in the afternoon.

GERMANY

The German stock market starts trading in the red on Friday.

The leading German index DAX opens 0.3 percent lower at 13,255.24 points.

The DAX has been hovering around 13,300 points for weeks. It acts like a magnet – even the weekly high of 13,454 points did not last. In the morning, the last detrimentally strong euro is again approaching its most recent high against the US dollar since spring 2018. With a view to the exporters heavily weighted in the DAX, this meant concern lines.

An additional burden is that a new corona lockdown in Germany is becoming more and more likely and a trade pact between Great Britain and the European Union also appears increasingly questionable. British Prime Minister Boris Johnson dampened any hopes the night before. Both sides are now increasingly preparing for failure.

WALL STREET

Investors in the US were undecided on Thursday.

The Dow Jones was within a manageable range in Thursday trade. In the end, the stock market barometer dropped 0.24 percent to 29,998.08 index points. The NASDAQ Composite was able to close in the meantime on green ground – with an increase of 0.54 percent it went to 12,405.81 meters in the evening.

Significant gains were not possible in view of the rapidly increasing number of corona infections and disappointing data from the labor market on Thursday. Investors waited a long time with excitement for the first course of the apartment broker Airbnb, which dared the long-awaited leap onto the trading floor on Thursday. At 146 US dollars, the initial price was 114 percent above the issue price of the shares.

ASIA

In Asia, different price developments can be seen once again on Friday.

The leading Japanese index Nikkei started the weekend by 0.39 percent at 26,652.52 points.

On the Chinese mainland, the Shanghai Composite at the closing bell at 3,347.19 digits, 0.77 percent lower. In Hong Kong it’s for the Hang Seng on the other hand, around 8:20 a.m. our time, up 0.38 percent to 26,512.

The specifications from Wall Street were already inconsistent. There was disappointment there that talks about a state aid package were apparently not making progress; At the same time, the weekly labor market data was weak, while the corona pandemic continues to rage.

On the other hand, the prospect of vaccinations against Covid-19 soon and, associated with this, an increase in demand tends to be based. A panel of the US FDA has now voted in favor of BioNTech and Pfizer’s vaccine.

Finanzen.at / APA / Dow Jones Newswires / dpa-AFX

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