S&P 500 closes lower as run to record high falls short again; European markets close lower despite positive U.S. jobless claims data; Thyssenkrupp down 16.3%; BELEX15 down 0.67%; NBS keeps key policy rate unchanged
The S&P 500 closed lower on Thursday after flirting with its record high from February as traders digested better-than-expected unemployment data and monitored the stalemate in stimulus negotiations. The S&P 500 fell 0.2% to 3,373.43. It briefly crossed its record closing high of 3,386.15 earlier in the session. The Dow Jones Industrial Average was down by 80.12 points, or 0.3% at 27,896.72. The Nasdaq Composite outperformed, rising 0.3% to 11,042.50.
Initial U.S. weekly jobless claims fell to 963,000, the Labor Department said. That’s below a Dow Jones estimate of 1.1 million. It was also the first time since March that jobless claims came in below 1 million.
European stocks finished Thursday’s session in negative territory as investors digested the latest U.S. jobless claims data and tracked the lack of progress in negotiations over a U.S. pandemic relief package.
The Europe Stoxx 600 closed 0.63% lower, with banks shedding 1.91% to lead losses while retail bucked the trend to add 0.24%.
Thyssenkrupp was the worst performers on the European blue chip index, closing 16.3% lower after the German steel company posted a 679 million euro ($800 million) quarterly loss. The company said it’s seeing signs of stabilization, however, following the easing of lockdown restrictions and the sale last month of its elevator unit.
Shares of Carlsberg were down 5.79% after the Danish brewer said it expected profit to fall 10%-15% in 2020 due to lockdowns in Europe and China impacting sales, Reuters reported.
Insolvent payments company Wirecard will finally be ejected from Germany’s benchmark DAX index on August 21, after exchange operator Deutsche Boerse announced a change in its selection rules on Thursday.
BELEX15 was down 0.67% as Belgrade Airport lost 3.9%, while Energorphket was down 2.5%. The most active was Energoprojekt with solid RSD 49.8m in volume, while this was executed in a single transaction. The company
At its meeting yesterday, the NBS Executive Board decided to keep the key policy rate unchanged, at 1.25%. The decision was made primarily in light of the achieved and expected effects of monetary policy measures taken to mitigate the fallout from the pandemic and to bolster economic growth. Dinar interest rates declined as a result of monetary policy easing, notably as a result of reducing the key policy rate by a whole percentage point relative to the pre-pandemic period.
Source: CNBC, Ilirika