Markets

Covid-19 destroys bags. DAX falls 4% and PSI-20 loses 2% with Galp's downfall

Oil continues its downward trend due to restrictions in numerous countries to halt the second wave of the Covid-19 pandemic, especially in the United States and Europe. The 5% drop led Galp's shares to a 7% loss. The German DAX index fell more than 4% and led the falls, punished by the German Chancellor's announcement of a new partial lockdown in the country during the month of November.

Efanor holds 92,3% of Sonae Capital and 86,2% of Sonae Indústria after the takeover bids

Efanor informed Euronext that it wants to proceed with the potestative acquisition of shares that were not acquired in the OPA and that if the conditions for that do not happen, "it intends to promote the loss of quality of public company". If none of the situations occurs, they will be excluded from trading on the regulated market. For now, Sonae Capital leaves the PSI 20-30 October.

Wall Street opens in fall because of the second wave of the pandemic

The new wave of the Covid-19 pandemic is causing a drop in oil prices for delivery in December. West Texas crude oil falls more than 5%. On Wall Street, the pandemic also wreaks havoc on corporate earnings. At Mastercard, UPS and Microsoft react negatively to the numbers.

Germany and France tighten restriction measures against Covid-19 and shake up European squares

Over here, the PSI-20 drops 0,97% to 3.939,01 points with Galp Energia and Mota Engil leading the most significant losses, with decreases of 5,41% to 7 euros and 2,80% to 1,112 euros , respectively.

PSI 20 starts in the red for the third consecutive day, penalized by Galp and BCP

Portuguese stock exchange started the session this Wednesday to lose 0,64%, to 3.952,15 points, in line with the main European markets.

Wall Street closes mixed, leveraged by technology

The main stock market indexes in the United States ended in the red - with the exception of the technological Nasdaq, which closed winning but only slightly. The day was marked by the disclosure of the results of several companies
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