What the rising euro means for the markets

Frankfurt On Friday morning at night it’s that time again: long queues form in front of the well-known Macy’s department store on Herald Square in Manhattan.

When the gates open at six o’clock, a crowd of the otherwise disciplined Americans who are standing in line pushes and shoves with force into the traditional building with its rickety escalators. The crowd descends on the stalls with special offers, grabs, compares, turns around; the saleswomen try to maintain a minimum of order, prevent injuries and otherwise make sales, sales, sales – until midnight.

This New World ritual is called “Black Friday”. The whole week, which started on Monday with an initially rather directionless stock exchange, is already called “Black Friday Week” and also takes place on the Internet; The custom has long since been copied in Europe.