MARKETS-STOCKS/EUROPE Germany's DAX opens 0.6 per cent higher

Record ID: 145855

  • Title: MARKETS-STOCKS/EUROPE Germany's DAX opens 0.6 per cent higher
  • Date: 29th July 2015
  • Summary: FRANKFURT, GERMANY (JULY 29, 2015) (REUTERS) TRADING FLOOR AT FRANKFURT STOCK EXCHANGE TRADERS DAX CURVE TRADER VARIOUS OF BANK SHARES TRADERS IN DISCUSSION BOARD SHOWING INDICES (SOUNDBITE) (German) HEAD OF SPECIALIST FLOOR TRADING, SECURITIES TRADING HOUSE "ODDO SEYDLER BANK AG," OLIVER ROTH, SAYING: "We started with positive signs into the trading day this morning follo
  • Embargoed: 13th August 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVA1M56CDKQEQL927K17RQIAYM66
  • Aspect Ratio: 16:9
  • Story Text: European shares climbed on Wednesday (July 29) and the DAX in Frankfurt opened 0.6 per cent higher, with one Frankfurt trader saying the modest gains were due to China's mainland stock exchange closing virtually unchanged.
    Oliver Roth, head of specialist trading at securities trading house Oddo Seydler bank, said: "The mainland stock exchange, which is mainly influenced by Chinese investors, is an important stock exchange but it's not one which is internationally accessible."
    "That's why we are keeping a close look at it even though it does not have the influence Hong Kong has, for example if there were a crash there. Yet, it clearly shows that China is beginning to totter, surely because of the economic uncertainty there."
    Chinese shares bounced back more than three per cent, as Beijing's latest efforts to prop up values restored a measure of stability to its unruly stock market.
    Some two hours into trading, the German DAX was at 11,198 points, up 25 points or 0.23 per cent.
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