Uncertainty factor
So the economy responds to Trumps Corona infection
The exchange rates are impacted by the news that US President, Trump with the Coronavirus infected. Photo: Boris Roessler/dpa
© dpa-infocom GmbH
The mask stopped Wearing it little, now it has caught the most powerful man in the world: U.S. President Donald Trump is a positive effect on the Coronavirus tested. For the economy this is a great unischerheit factor.
After the positive Corona test result of the US President Donald Trump, many will ask how it goes in the American presidential election campaign further. The world economy is unsettled to the message.
EXCHANGES:
The Corona-infection of the US President, Donald Trump has charged on Friday, Europe’s stock exchanges. In the early afternoon, the Euro zone benchmark index Euro STOXX 50 0,88 decline in 3165,84 points, which is still a week plus of just under one percent of the horizon. The French Cac 40 fell by 0.74 per cent to 4788,32 points and the British FTSE 100 lost 0.95 per cent, at 5823,71 counter. Also, the German stock market presented itself on Friday with a loss. The Dax fell by 1.05 per cent to 12 597,30 points. The MDax of the 60 medium-sized Stocks lost on Friday to 1.12 percent to 27 041,23 counter.
CURRENCIES:
The message about the contagion of Donald Trump was made the world reserve currency, the Dollar, initially for demand. This weighed on the Euro in return. The effect was, however, in the course of the Morning.
ANALYSTS:
Timo Emden, market analyst at Emden Research: “The news comes in the light of the forthcoming US presidential election at a most unfavourable time. Against the Background of the tough negotiations between Democrats and Republicans to a new economic stimulus package, market participants remain impatient.”
Stephen Innes, chief analyst at Axi Trader: “The sudden decrease in the risk of joy as a reaction to Trumps positive Corona Test feels as if the market finally a victory of Biden is priced in.”
ECONOMISTS:
Thomas Altmann, Portfolio Manager at QC Partners: “The impact of both on the US policy, in particular in the negotiation of the next aid package as well as on the US election, can be immense.”
