European stocks in the red as investors in the United States rise in Covid-19 infections


European stocks fell on Wednesday as markets struggled to gain ground amid rising coronavirus cases in US Technology stocks have a bright spot after recording a session for the Nasdaq Composite .
The Stoxx Europe 600 index

the edtr of 1.2% to 362.99, after a gain of 1.3% on Tuesday. Besides, the German DAX 30 index

decreased by 1.4%, the CAC 40

fell 1.4% and the FTSE 100 index

fell 1.5%.

Wall Street was also building a loss on Wednesday, the Dow Jones Industrial Average term
-0.70% more than 200 points dropped. The Dow
+ 0.50%

and the S&P 500
+ 0.43%

saw a second earnings session on Tuesday, and the Nasdaq Composite
+ 0.74%

book a close booking fee, led by Apple stocks
+ 2.13%

“There is a complete lack of meaning and little predictability in the market with a remarkable buying behavior of the dips in equities and the increase of hedges by safe assets against a possible strong of the rout market. It is becoming increasingly clear to everyone that most stock prices are artificially inflated, ”said Ipek Ozkardeskaya, senior analyst at Swissquote Bank, in a note to clients.

Data has shown that the Ifo business climate for Germany increased to a reading level of 86.2 in June from 79.5 in May. The number is a little above the consensus.
Dr. Anthony Fauci, the top virus expert in the United States, told a House committee on Tuesday that the next two weeks would be critical in trying to keep the virus in check, amid a disturbing case of climb in Texas, Florida and Arizona. The European Union would be reflective, a ban on travelers from America due to the fact of the pandemic is not under control in this country.
Prime Minister Boris Johnson said on Tuesday that pubs, restaurants and cinemas will reopen in early July, despite warnings from scientists that such moves, alongside the relaxation of the de two meters social distance from the rule of one meter, could allow a resurgence of the virus.
Shares of heavily weighted pharmaceutical industry groups weighed on the stock indexes. AstraZeneca PLC shares
+ 1.55%

fell more than 1% and GlaxoSmithKline PLC
+ 0.89%

fell by almost 2%.
Among stocks on the move, chip names were on the rise after big tech gains in the US stock from Dialog Semiconductor PLC
+ 9.26%

climbed almost 9%, and ams AG
+ 7.27%

increased by almost 5%.
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Actions of Europcar Mobility Group in SA
+ 10.67%

jumped nearly 7% after several media reports said Volkswagen AG

perhaps reflective, an offer for the group rental car. Neither the company would comment on the Bloomberg report. Volkswagen shares fell 1.7%.
Group AB Sweden Game Evolution Actions

fell more than 7% after the live casino software provider said it had made a takeover bid to shareholders of rival gaming, the solutions group at NetEnt AB. NetEnt AB Actions
+ 28.39%

it climbed 30%.


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