No new records are in sight on the US stock exchanges.
(Photo: AP)
Frankfurt Despite solid company balance sheets, US investors only touched stocks with tip fingers on Monday. The Dow Jones index of standard values was 0.2 percent higher at 35,874 points. The broader S&P 500 initially jumped to a record high of 4,620 points, but then fell 0.1 percent. The index of the technology exchange Nasdaq was also quoted somewhat weaker at 15,441 points.
According to traders, the focus of investors is on the upcoming Fed meeting, at which the central bank is expected to announce the reduction of its monthly bond-buying program on Wednesday. This operation to shut down bond purchases, known in technical jargon as tapering, marks a turnaround in monetary policy that has already triggered speculation on the financial markets that interest rates will rise in the next year.
The agreement between the EU and the US in the dispute over steel and aluminum imports encouraged investors to enter the sector. Without this, punitive tariffs on US products such as whiskey and motorcycles would have been due on December 1st. Harley-Davidson titles rose more than ten percent.
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Moderna: Moderna shares fall by up to seven percent after the group now has to wait longer than hoped for a possible approval of its corona vaccine for young people in the United States. The corresponding review process for the twelve to seventeen age group should not be completed before January.
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Novavax: The provisional approval of the coronavirus vaccine in Indonesia gives the pharmaceutical company a leap in course. The Novavax shares rose by a good five percent. Indonesia is the first country to release this serum.
Coke: The US beverage giant takes over the sports drinks manufacturer BodyArmor completely. For the remainder of BodyArmor shares, Coca-Cola paid $ 5.6 billion, the company said. BodyArmor is valued at approximately $ 6.6 billion as a result of the deal and is expected to operate as a separate business within the North American operating unit. Coca-Cola shares lost 0.6 percent.
Microsoft and Apple: Investors cashed in on Microsoft’s shares. The papers of the software company lost around one percent, as did Apple shares.
More: The new cold war: the conflict between China and the United States divides East Asia into two power blocs