Categories: Business

Frankfurt Stock Exchange: Dax under pressure – Corona concerns dominate

The Corona crisis has again brought the German stock market under a slightly stronger control. The benchmark Dax index fell 1.52 per cent to 10,654.55 points in early trading on Wednesday, further away from the 11,000-point mark already unsuccessfully tested.

The Dow Jones industrial average fell 0.74 percent to 23,644.77 points. The euro zone’s benchmark EuroStoxx 50 index lost 1.4 percent.

The night before, prominent US immunologist and government adviser Anthony Fauci had warned of an excessively rapid return to normality. “This could have really serious consequences,” Fauci said in a Senate video hearing. The expert’s statements had already put a big damper on Wall Street on Tuesday.

Meanwhile, given the devastating economic consequences of the pandemic, US President Donald Trump is pushing ahead with easing. On top of that, the trade dispute between the US and China is again present.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.