- Title: MARKETS-STOCKS/EUROPE German DAX bounces back, opens one percent higher
- Date: 1st July 2015
- Summary: FRANKFURT, GERMANY (JULY 1, 2015) (REUTERS) HIGH SHOT OF FLOOR AT FRANKFURT STOCK EXCHANGE TRADERS DAX CURVE VARIOUS OF TRADERS VARIOUS OF BANK SHARES HIGH SHOT OF TRADERS (SOUNDBITE) (German) CAPITAL MARKETS STRATEGIST, OLIVER ROTH, SAYING: "The DAX opened one percent higher and I think the reason is that there are quite a few optimists who believe and hope that Sunday's
- Embargoed: 16th July 2015 13:00
- Keywords:
- Location: Germany
- Country: Germany
- Topics: General
- Reuters ID: LVAG6R2DUGHCZP4PPQIK48Q7WQ
- Aspect Ratio: 16:9
- Story Text: European shares bounced back on Wednesday (July 1), with Germany's DAX opening one percent higher and one Frankfurt trader saying investors hoped for a "positive outcome for the euro zone" in Sunday's Greek referendum.
Capital markets strategist Oliver Roth said that "there are quite a few optimists who believe and hope that Sunday's Greek referendum will turn out positively for the euro zone. There is clearly speculation involved here although uncertainty persists on the markets."
He added "the fact that Greece is bankrupt has been known for a while. That's not the decisive issue for the markets."
"What's important for the markets is to know how things will proceed. Will there be a quick solution to the Greek debt crisis or will it continue to be a never ending story?"
Almost two hours into trading, the DAX was at 11,039 points, up 92 points or 0.85 percent.
European finance ministers will confer later on Wednesday over Greek Prime Minister Alexis Tsipras' request for a new two-year loan to pay debts that amount to nearly 30 billion euros ($33.39 billion). - Copyright Holder: REUTERS
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