Weak European exchanges, Nasdaq and gold still fly

2020-08-07T07:34:37.192Z

Despite the rebound in June of industrial production in Germany (+ 8.9%) and France (+ 12.7%) - beyond analysts' expectations - European stock exchanges opened the last session of the week weak. Milan sold 0.33%, London 0.10%, Frankfurt 0.02% and Paris 0.37%. Uncertainty prevails on European markets, as happened in Asia: fears of new contagions and US-China tensions push markets down. Tokyo closed -0.39%, Hong Kong lost almost two points and Shanghai one point. On the contrary, another session of increases for Wall Street overseas: the Nasdaq ended at + 1% (in three months + 25%) and the Dow Jones at + 0.68%. American investors expect new stimuli to deal with the covid emergency. The weakness of the dollar still favors the gold rush at $ 2,060 an ounce.