The european stock markets backward, the uncertainty of health weighs

Les Bourses européennes à reculons, l’incertitude sanitaire pèse

The european markets have started the week in a small decline, in a market remaining focused on the evolution of the contamination at the coronavirus.

Thus, Paris (-0,62 %) to Frankfurt (-0,55 %), London (-0,76 %), Madrid (-0,92 %) and Milan (-0,71 %), none of the european markets could not take advantage of the rebound underway on Wall Street.

“The equity markets are under pressure owing to fears of a second wave of COVID-19, and the investors keep their eyes riveted on the States of the Central and Western u.s., Florida and South America,” said Sebastien Galy, strategist at Nordea Asset Management.

The american giant Apple has announced the closure of 11 more stores in the u.s. States, which are experiencing a rebound in cases of coronavirus.

Europe speeds up the restart of its economic activity, but a new outbreak occurred in Germany, where more than 1,000 workers of an abattoir were positive.

More than a million new cases of the COVID-19 have been recorded over the last seven days, according to a count taken by the AFP.

The boss of the federal Bank of Germany has proposed Monday, “a recovery painfully slow” of the economy after the sudden collapse due to a pandemic of sars coronavirus.

A resurgence of the epidemic could lead to a new wave of health measures, adopt restrictive measures which would affect even the global economy.

On the other hand, the prospect of potential recovery plans, american and european constitutes a support element for the markets.

This context favoured Monday, a decline on the assets considered the safest, such as government bonds.

Side statistics, a small disappointment with the decline of 9.7% of resale homes in the United States in may compared to the month of April, as a result of the containment measures of the previous months.

On the table of values, Peugeot has experienced the largest increase in the CAC 40 (+3,56 %, to 13,83€).

The market continued to flee the title of the fintech German Wirecard (-44,07 % to 14,44 euros) in the heart of a financial scandal.

In London, the hotel group Intercontinental Hotels has lost 3.30% to 3 863,00 pence and the cruise line Carnival has plunged 10.23% respectively at 1 119,00 pence.

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