World DAX in the red - Virus worries and disappointment over Europe depress exchanges
White House Will Not Reopen Obamacare Enrollment for Virus
President Donald Trump will not reopen the Obamacare exchanges to allow uninsured Americans to purchase health care coverage during the coronavirus pandemic, a White House official said Tuesday night. © Bloomberg The decision comes after the president said last week he was considering a special enrollment period to allow individuals to purchase insurance during the crisis -- a move that had been endorsed by America’s Health Insurance Plans, the trade organization representing health insurers.
The fact that the finance ministers of the euro zone could not agree on a corona aid package, especially for Italy, "also causes a depressed mood" , added market analyst Milan Cutkovic from broker house AxiTrader. Dax and EuroStoxХ- $ surrendered some of their most recent gains by the afternoon, losing approximately half a percent each to 10,308 and 2,833 points. The finance ministers of the Eurogroup broke off negotiations on aid to the countries particularly hard hit by the pandemic after hours of nightly deliberations and adjourned to Thursday. "There was an expectation that they would at least agree on a formula compromise," said investment strategist Jan von Gerich of Nordea Bank. The situation for Italy, the European epicenter of the virus crisis, will therefore be very difficult. The European Central Bank (ECB) does not want to take all the risk by buying up a large part of Italian bonds. Against this backdrop, investors threw southern European government securities out of their portfolios and drove the yield on ten-year stocks to a three-week high of 1.748 percent. At the same time, the euro came under pressure and fell to $ 1.0875. Graham Secker, chief investment strategist for European equities at Bank Morgan Stanley, believes that there is still a chance that steps will be taken towards euro area common debt. "Even with a relatively small amount, that would be a strong sign."
"SAFE PORTS" REQUESTED
Spain Daily Coronavirus Deaths Fall for Third Day to 674
Spain saw a decline in the number of new deaths from the coronavirus for the third consecutive day, raising hopes that the worst of the country’s outbreak may be over. The Health Ministry reported 674 fatalities in the past 24 hours, bringing the total to 12,418. The number of confirmed cases rose to 130,759, from 124,736 a day earlier. The latest daily death toll is now lower than in the U.K., which reported 708 fatalities on Saturday.
In addition, economist Joseph Capurso of the National Australia Bank warned that the global economy will have to struggle for a while with the consequences of social standstill. "It will take years for unemployment rates to return to the level at the end of 2019." Some investors therefore fled to the world's leading currency. The dollar index, which reflects the price of major currencies, rose 0.2 percent to 100,086 points. This dampened short-term gold demand because the appreciation of the dollar made precious metals more expensive for investors outside the United States. "In the medium and long term, however, gold has room for improvement because of the central bank money injections," said analyst Margaret Yang Yan from the brokerage firm CMC Markets. Investors use the precious metal as inflation protection, among other things.
"OPEC +" - MEETING SHADES A SHADOW AHEAD
Did Zverev play with the corona virus in Australia?
© Getty Images Alexander Zverev may have been infected with the corona virus Did Alexander Zverev have the corona virus when he played in Australia? In a live talk on Instagram with Oliver Pocher, the German tennis star said that he may have been infected with the virus at the end of December. "I really coughed for a month, but nobody knew about the corona virus. I coughed for five or six hours at night and had a fever for two days," said Zverev.
Meanwhile, stock marketers further hoped that "Opec +", to which members of the export cartel and other developing countries like Russia belong, will meet at a meeting on Thursday agreed a significant reduction in delivery rates. If the USA pulls together with the "Opec +", even a relatively low throttling of ten million barrels per day could give the oil price a strong boost, predicts Naeem Aslam, chief market analyst of the brokerage firm AvaTrade. "Without the US on board, even a 15 million barrel reduction would probably not raise the price above $ 40." On Wednesday, the North Sea Brent oil cost $ 31.95 a barrel (159 liters). Asos stood out on the European stock market. The shares of the online fashion retailer were heading for the largest daily profit in the company's history with a plus of at least 41 percent. The figures presented signaled growing growth and increasing profit margins again, wrote analyst Ben Hunt from asset manager Investec. Thanks to the current capital increase, the company also has sufficient funds to cushion a downturn caused by the virus crisis.rtr Do you want more background and assessments of the Coronavirus , information on dividends and general meetings and recommendations and Strategies for investors: Then read the digital single issues of , and Did you like the article from boerse-online.de? Then support independent journalism with a small one-off amount. We continuously offer up-to-date stock market analyzes, exciting real-time news and objective usability issues - which are more important than ever in these times. Thanks a lot.
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Number of corona deaths in Belgium exceeds 5000 .
© BENOIT DOPPAGNE In Belgium, the novel corona virus has now cost the lives of more than 5000 people. The Belgian health authorities said on Friday that 313 more people died within 24 hours, bringing the total number of victims to 5163. In Belgium, the novel corona virus has now cost the lives of more than 5000 people. The Belgian health authorities said on Friday that 313 more people died within 24 hours, bringing the total death toll to 5163. Belgium, with its 11.5 million inhabitants, has on