US economy collapses to 32.9 per cent - Dax rushes under 12.400 points

a Miserable economic data, both in this country as well as in the United States, have set the stock markets on Thursday greatly. Due to a historically unprecede

US economy collapses to 32.9 per cent - Dax rushes under 12.400 points

a Miserable economic data, both in this country as well as in the United States, have set the stock markets on Thursday greatly. Due to a historically unprecedented collapse in economic performance, the Dax fell unabated in the deep.

Until the close of trading, the benchmark index for the German stock market lost about 440 points, which represents a decrease of well-about 3.5 percent. Thus, the Dax skidded into a slip under the brands of 12,500 and 12.400 points to a level of 12.379 counters. Thus, the Index traded back to the level from the beginning of July. In the Low the Index had fallen by as much as 500 points and up to 12.250 points slipped. DAX 12.379,65 PTS. -442,61 (-3,45%) Xetra

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Also, the Dow Jones Industrial reacted with a violent break-in on the one-time break-in. Temporarily, the American equivalent of lost to the Dax also 500 points or two percent. Thus, the brand of 26,000 points, wobbled for a short time. A little better is the least popular Tech stocks were. The selection index Nasdaq 100 lost only around one percent. Dow Jones 26.223,57 PT. -316,00 (-1,19%) OTC

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the Historically unique break - Numbers are not comparable to the

From April to June shrank accordingly, the gross domestic product (GDP) projected for the year to 32.9 percent, as the U.S. government announced on Thursday in an initial estimate. Analysts had however, expected that even with a drop of 34.7 percent. Already in the first quarter, clear traces of the Corona were shown the crisis, the largest economy in the world was shrunk in the first three months of the year to 5.0 percent.

such A slump, there has been since the beginning of the data collection in the year 1947 never. In the crisis year of 2008, the GDP fell in the fourth quarter by an annualised rate of 8.4 percent. The biggest slump, however, were in 1958 - at that time, the economic performance of the United States shrank in the first quarter by a good ten percent. Chief financial officer - Live will-Online-conference on 3. August!

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in Germany, Too, witnessed data, the Federal Statistical office in a first estimate, announced on Thursday of a historic slump: The German gross domestic product (GDP) shrank in the second quarter compared to the previous quarter by 10.1 percent. It is the strongest decline since the beginning of the quarterly GDP calculations for the year 1970. Already at the beginning of the year, the decline in economic performance. Europe's largest economy is in deep recession

The Figures from the USA are not directly with European measurements of GDP-change in comparable. The difference stems from the annual capitalization - in the USA the change is expected on the year. That is, the US economy would shrink this year by a total of 32.9 percent, would fall below the recession at the same pace.

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  • billion of loans from the failure threatened A banking crisis lurks - and it is especially true of savings banks and people's banks
  • the Dax loses more and more: the brand of 12,500 points is like
  • the Central Bank pushes in vain against decay - Lira in free-fall: the sharp slide of the US Dollar threatens experts warn

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Updated Date: 30 July 2020, 12:28

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