Virus fears of a weakening in the Europe, stocks Wirecard shares plunge more

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Stocks in Europe traded lower in early action Monday on concern about the spread of the coronavirus will force the country to limit or cancel their lock-easing measures.
Up 3.2% last week, the Stoxx Europe 600 index
SXXP,
-0.18%

traded 0.2% lower.
The German DAX
DAX,
-0.08%

the French CAC 40
PX1,
-0.20%

and the uk FTSE 100
UKX,
-0.32%

also slipped.

After the 208-point drop for the Dow industrials
The DJIA,
-0.80% on Friday, U.S. stock futures
YM00,
+0.97%

were pointing higher Monday morning. U.S. stocks on Friday were affected by Apple’s decision to close the stores because of the spread of the virus.

The news on the coronavirus before has not had better since.
The World Health Organization has stated that its largest single-day surge in the case of coronaviruses, however, while the Robert Koch Institute said that Germany’s rate of reproduction is of 2.03 after a large epidemic in a North Rhine-Westphalia slaughterhouse.
The main news about the company’s story continues to be Wirecard
IDM,
-29.15%

that has plunged 42%, after having said, a lack of 1.9 billion euros of cash probably does not exist. Wirecard said it is having “constructive discussions” with its lenders on its credit lines, consider the cost reductions and the elimination of the business units and product segments.
Another mover was Deutsche Lufthansa
LHA,
-5.71%

– a decrease of 8% as a shareholder Heinz Hermann Thiele, the fighting of a rescue plan. Without the Thiele support, it is unlikely that the rescue plan will be approved by Lufthansa’s shareholders.

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