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by Fabrizio Patti 25 August 2020 Shortly before the opening of the markets, at 8, the data on German GDP arrived. In the second quarter it fell from the first by 9.7%. Obviously a negative figure but better than the preliminary estimates released at the end of July. This news helped to reinforce a positive trend that has been underway since yesterday on the stock exchanges. The Ftse Mib in Milan yesterday closed with a rise of 2.12%, today opening marks + 1.10%. 37 of the 40 stocks represented in the Ftse Mib are up. Among the other markets today Frankfurt and London + 1.10%, Paris + 1.30%. Yesterday there was a record on Wall Street for the S&P 500 indices and for the Nasdaq, the market for technology stocks. The reason is the news arrived over the weekend about the green light in the United States for a cure with plasma against Covid-19 and about the possible early introduction of a vaccine, also in the United States. News that prevailed over the negative ones: like the first confirmed case of reinfection from the virus, in Hong Kong. An expected high-level phone call between the United States and China on trade negotiations took place overnight. Chinese Vice Premier Liu He, US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer spoke on phase 1 of the negotiations between China and the US. Asian stock exchanges were mixed. Shanghai (-0.36%), Hong Kong flat, Tokyo (+ 1.35%) and Seoul (+ 1.58%), and this despite the South Korean authorities having ordered the closure of most of the schools in the Seoul area.Stock markets still on the rise. US and China talk to each other, German GDP above expectations
2020-08-25T08:05:00.989Z
Shortly before the opening of the markets, at 8 am, the German GDP data arrived. In the second quarter it fell from the first by 9.7%. Obviously a negative figure but better than the preliminary estimates released at the end of July. This news helped to reinforce a positive trend that has been underway since yesterday on the stock exchanges. The Ftse Mib in Milan yesterday closed with a rise of 2.12%, today opening marks + 1.10%. 37 of the 40 stocks represented in the Ftse Mib are up. Among the other markets today Frankfurt and London + 1.10%, Paris + 1.30%. Yesterday there was a record on Wall Street for the S&P 500 indices and for the Nasdaq, the market for technology stocks. The reason is the news arrived over the weekend about the green light in the United States for a cure with plasma against Covid-19 and about the possible early introduction of a vaccine, also in the United States. News that prevailed over the negative ones: like the first confirmed case of reinfection from the virus, in Hong Kong. An expected high-level phone call between the United States and China on trade negotiations took place overnight. Chinese Vice Premier Liu He, US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer spoke on phase 1 of the negotiations between China and the US. Asian stock exchanges were mixed. Shanghai (-0.36%), Hong Kong flat, Tokyo (+ 1.35%) and Seoul (+ 1.58%), and this despite the South Korean authorities having ordered the closure of most of the schools in the Seoul area.
Source: rainews