MARKETS-STOCKS/EUROPE Worries over China's economy put Germany's DAX under pressure

Record ID: 140678

  • Title: MARKETS-STOCKS/EUROPE Worries over China's economy put Germany's DAX under pressure
  • Date: 31st August 2015
  • Summary: FRANKFURT, GERMANY (AUGUST 31, 2015) (REUTERS) EXTERIOR OF FRANKFURT STOCK EXCHANGE VARIOUS OF FLOOR DAX CURVE VARIOUS OF TRADERS PAN ACROSS BOARD (SOUNDBITE) (German) TRADER FOR PRIVATE BAADER BANK, STEFAN SCHARFFETTER, SAYING: "Overall, the worries about China's economy did not just go away, just because we saw an increase in stock values last week. The problems with China's economy exist and worries continue to be big. The DAX saw a technical recovery last week but overall, there is still quite a bit of nervousness among investors here." VARIOUS OF TRADERS BOARD SHOWING DAX HIGH OF 10,256 POINTS AT 09:20 A.M. (0720 GMT) (SOUNDBITE) (German) TRADER FOR PRIVATE BAADER BANK, STEFAN SCHARFFETTER, SAYING: 'It's difficult to say what will happen to the DAX. The references from Asia are not very positive. I believe that we will see some fluctuations over the next few days and the focus will remain on China. The worries are not over yet so it will put pressure on the DAX in the coming days." BOARD SHOWING DAX LOSS OF 74.68 POINTS OR 0.73 PERCENT TRADERS WIDE OF DAX BOARD HIGH SHOT OF FLOOR
  • Embargoed: 15th September 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVA5120QNG0D9QTV0CH617939RT7
  • Aspect Ratio: 16:9
  • Story Text: European shares fell on Monday (August 31), with Germany's DAX and France's CAC on track for their worst month in four years, plagued by sliding Chinese stocks and the threat of a U.S. rate increase as early as September.
    "The problems with China's economy exist and worries continue to be big," said trader Stefan Scharffetter of Baader bank.
    "The DAX saw a technical recovery last week but overall, there is still quite a bit of nervousness among investors here."
    Asked where the DAX was heading, Scharffetter said that was "difficult" to say.
    "I believe that we will see some fluctuations over the next few days and the focus will remain on China," he added.
    Some two hours into trading, the DAX was at 10,160 points, down 136 points or 1.32 percent.
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