Markets Update Thursday 23/04/20 – Lifeboats

Frankfurt – 23/04/20 Lifeboats EU heads of state and government met for a video summit this Thursday. A 540 billion euro aid package was adopted. German Chancellor Angela Merkel remarked that Germany must prepare for a higher EU contribution. She stuck to her rejection of a communalization of debts, so-called Euro- or Corona bonds. Specifically, the EU Commission is to ...

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Markets Update Wednesday 22/04/020 – Magic pot of money

Frankfurt – 22/04/20 Magic pot of money After the slide of the previous day, the markets in Europe and the USA have recovered today. The stock exchanges in the Far East, however, showed different signs. The corona crisis is far from under control, and the global oil market has effectively collapsed – but all this does not challenge investors when ...

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Markets Update Tuesday 21/04/2020 – “Sell everything!” is back on

Frankfurt – 21/04/20 “Sell everything!” is back on After the historic collapse of the oil price the day before, today, the global financial markets consequently took a hit, and heavy losses were hailing. But not only equities were sold off fast and furious once again but also commodities and typical safe havens such as gold with the US Dollar being ...

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Markets Update Monday 20/04/2020 – Oil Price Massacre

Frankfurt – 20/04/20 Oil Price Massacre Because of the current crisis, the price of US crude oil has fallen to a historic low. For the first time since the start of futures trading in 1983, the price of a contract providing for physical oil delivery in May was in negative territory – in the meantime at USD -54.88 per barrel ...

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Markets Update Friday 17/04/2020 – Magic Pill for the Markets(?)

Frankfurt – 17/04/2020 Magic Pill for the Markets(?) There is a new ray of hope in the fight against the coronavirus: A drug tested in the USA on patients suffering from the disease has produced encouraging results. Investors are therefore taking courage before the weekend and pushed equities higher. A report in a medical journal has raised vague hopes that ...

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Markets Update Thursday 16/04/2020 – Another slap in the face

Frankfurt – 16/04/20 Another slap in the face After the prospect of an easing of coronavirus restrictions in Germany and several other European countries initially boosted share prices, devastating economic data from the USA later caused new fears. Investors are now eagerly awaiting the new guidelines announced by US President Donald Trump, with which he wants to herald a return ...

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Markets Update Wednesday 15/04/2020 – Away from fantasy into factual reality

Frankfurt – 15/04/20 Away from fantasy into factual reality After Donald Trump smashed the WHO on late Tuesday, blaming them of taking China’s word for the fact when the corona crisis kicked off and saying that the USA will halt their contributions to the WHO in turn, the markets started to turn sour already. This harsh criticism put the fear ...

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Markets Update Tuesday 14/04/2020 – From Fantasy into Reality

Frankfurt – 14/04/20 From Fantasy into Reality The financial markets are a peculiar thing. After a quiet Easter weekend and an equally uneventful start to the week on Easter Monday, the markets got moving again today.  Among investors, hope has been raised that the global corona pandemic may have passed its peak in many places. Positive trading data from China ...

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Gold in high demand

Are you already corona crazy or are you resisting still…? The Americans are stocking up on weapons, the Germans, Japanese and Australians on toilet paper and pretty much everyone, central banks included, gold. The online shops of gold retailers and dealers are currently experiencing a huge rush towards the precious yellow metal. But meanwhile, they can hardly deliver bars and ...

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Markets Update Thursday 09/04/2020 – Money flood

Frankfurt – 09/04/20 Money flood The US Federal Reserve intends to support the US economy, which has been hard hit by the crisis, with further emergency aid worth USD 2.3 trillion. The new package of measures is designed primarily to support local governments and small and medium-sized enterprises, as the Federal Reserve announced today. Among other things, the banks are ...

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Markets Update Wednesday 08/04/2020 – All good then?

Frankfurt – 08/04/20 All good then? Although the news that EU finance ministers were unable to agree on the financing of an aid package was not very encouraging, the mood was somewhat supported by the positive development of the coronavirus pandemic in Europe. This gives hope that things could improve for the USA eventually as well – even if the ...

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Markets Update Tuesday 07/04/2020 – More Hopium

Frankfurt – 07/04/20 More Hopium On Tuesday the stock markets continued their dazzling recovery. More and more investors are returning in the hope that the coronavirus will soon be contained. However, is this a trend reversal already or just a bear market rally, a bull trap? For the first time since the outbreak of the corona pandemic, China has not ...

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Markets Update Monday 06/04/2020 – Positive signals or fantasy?

Frankfurt – 06/04/20 Positive signals or fantasy? At the beginning of the week, the stock market picked up speed. Signs of a flattening of the corona disease are creating a lot of fantasy and driving the various stock markets up again. However, the situation in the USA and Japan is currently worsening, but this has not yet impacted the stock ...

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Markets Update Friday 03/04/2020

Frankfurt – 03/04/20 Numbers speak clear Furthermore, the spread of the coronavirus pandemic continues to dominate events. In the USA, 1,169 deaths were recorded, the highest number ever recorded in the world within 24 hours within a single country. According to the latest US government forecasts, up to 240,000 people could die from the coronavirus-induced lung disease Covid-19. Added to ...

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Markets Update Wednesday 01/04/2020

Frankfurt – 01/04/20 Down it goes again The stock markets are back in downswing mode. Given the increasingly negative forecasts for the economy, stock market forecasts are also becoming more negative again.  According to a forecast, the White House fears between 100,000 and 240,000 deaths in the USA due to the pandemic, despite measures to contain the coronavirus. The coordinator ...

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Markets Update Thursday 02/04/2020 – Caught between good and bad

Frankfurt – 02/04/20 Caught between good and bad On the one hand, the situation in Thursday trading eased, as Trump said that a solution to the price war between Saudi Arabia and Russia could soon be found. The Kreml, however, rejected Trump’s statement that Russia and Saudi Arabia would cut back their production.  On the other hand, the coronavirus is ...

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Markets Update Tuesday 31/03/2020 – Terrible March

Frankfurt – 31/03/20 Terrible March According to the International Monetary Fund (IMF), Europe’s economy is facing a severe recession this year due to the coronavirus pandemic. This is now a certainty given the widespread shutdown of public life, the director of the IMF’s Europe department, Poul Thomsen, wrote in a blog post. For every month in which numerous sectors in ...

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Markets Update Monday 30/03/2020 – A little bit of hope?

Frankfurt – 30/03/20 A little bit of hope? At the weekend, the corona crisis intensified further. US President Donald Trump prepared the Americans for dramatic casualty figures. If we succeed in limiting the death toll to 100,000, “then we have all done a good job together,” he said on Sunday. According to the John Hopkins University, more than 34,000 people ...

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