MARKETS-STOCKS/EUROPE German DAX opens 0.3 percent higher

Record ID: 148065

  • Title: MARKETS-STOCKS/EUROPE German DAX opens 0.3 percent higher
  • Date: 8th July 2015
  • Summary: FRANKFURT, GERMANY (JULY 8, 2015) (REUTERS) VARIOUS EXTERIORS OF FRANKFURT STOCK EXCHANGE HIGH SHOT OF FLOOR TRADERS BANK SHARES ON BOARD TRADERS BOARD SHOWING DAX PREVIOUS DAY'S CLOSE OF 10,676.78 POINTS HIGH SHOT OF TRADERS TRADERS BOARD SHOWING DAX INCREASE OF 13.35 POINTS OR 0.13 PERCENT HIGH SHOT OF FLOOR PAN UP DAX CURVE (SOUNDBITE) (German) CAPITAL MARKETS STRATEGIS
  • Embargoed: 23rd July 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVA9SS696UDDXVP5J9XFUAVWLTWZ
  • Aspect Ratio: 16:9
  • Story Text: European shares edged higher in early trading on Wednesday (July 8) after eurozone members gave Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans.
    In Frankfurt, the German DAX opened 0.3 percent higher while one trader warned of "massive losses" should Greece leave the eurozone.
    "A Grexit hasn't really been taken into consideration," said capital markets strategist Oliver Roth.
    "There are a lot of optimists who still believe that the Europeans will build a bridge the Greeks will or can cross. So it must be clear that if there is a Grexit, the markets will feel considerable consequences. We may count on massive losses," said Roth.
    Under a timetable agreed by the 19 leaders of the common currency area, Greece will submit on Wednesday a formal request for a two-year loan programme, with a first list of reform commitments to be spelled out in greater detail on Thursday.
    Almost two hours into trading, the German DAX was at 10,664 points, down 10 points or 0.06 percent.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register