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During the day, US President Donald Trump wanted to comment on the Hong Kong security law that China, according to US Secretary of State Mike Pompeo, curtailed the autonomy of the Special Administrative Region. "If Trump decides to proceed with mild measures - such as travel or financial sanctions against Chinese officials - we don't expect stocks to fall sharply," said market analyst Charalambos Pissouros from broker JFD. If the reaction is sharper, such as the abolition of the 'phase one' trade agreement or the introduction of new tariffs, the mood on the stock exchanges could deteriorate sustainably.
New gloomy economic data came from the USA on Friday: In the US region of Chicago, corporate sentiment deteriorated further in May. The corresponding purchasing manager index fell 3.1 points to 32.3 points the previous month, the lowest level since 1982. Economists had expected a slight recovery to 40.0 points. Mass unemployment and corona-related closings caused US consumption to plummet in April. Consumers spent 13.6 percent less than in the previous month. There has not been a major minus since the start of statistics in 1959. Experts had only expected a drop of 12.6 percent after a drop of 6.9 percent in March.
