- Title: German DAX, other European indexes down 0.2 percent in early trading
- Date: 30th December 2016
- Summary: FRANKFURT, GERMANY (DECEMBER 30, 2016) (REUTERS) EXTERIOR OF FRANKFURT STOCK EXCHANGE VARIOUS OF TRADERS ON FLOOR BOARD SHOWING DAX LOSS OF 22.96 POINTS OR 0.2 PERCENT VARIOUS OF TRADERS BOARD SHOWING DAX HIGH OF 11,446.71 POINTS AT OPENING AT 9 A.M. (0800 GMT) VARIOUS OF TRADERS VARIOUS OF BANK SHARES ON BOARD VARIOUS OF FLOOR (SOUNDBITE) (German) STOCK EXCHANGE STRATEGIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "The DAX started the day off cautiously but overall, everyone can live well with the DAX's performance this year and its six percent increase after a bumpy start into the year." TRADERS (SOUNDBITE) (German) STOCK EXCHANGE STRATEGIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "Surely, 2016 was a difficult year for everyone involved in the markets. The DAX performed sideways, interrupted by three important topics: at the beginning of the year we saw the crash in China which clearly provoked distortions on the Chinese stock market. Then of course there was the Brexit vote which surprised many people negatively. The election of Donald Trump brought the DAX back on a victorious path so that at the end of the year we can say we got off with a slap on the wrist." DAX CURVE (SOUNDBITE) (German) STOCK EXCHANGE STRATEGIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "The dominating topics of 2016 will largely be the same in 2017. We will be talking about Brexit, Europe's political unity in light of the many upcoming elections in Europe and we will be talking about Donald Trump who will be the president of the United States. He has made a lot of announcements which were intensively interpreted. Now he needs to see to it that he delivers what he promised. In addition, we will be talking about monetary policy and inflation which is already rising slightly in the United States but also in Europe, through rising commodity prices." SIGN VARIOUS OF FLOOR
- Embargoed: 14th January 2017 09:58
- Keywords: Frankfurt DAX shares trader
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Economic Events
- Reuters ID: LVA0015F2P219
- Aspect Ratio: 16:9
- Story Text: Germany's DAX was down around 0.2 percent in the first two hours on Friday (December 30), this year's final trading day, in line with the STOXX 600, the FTSE 100 and France's CAC.
"The DAX started the day off cautiously," said Oliver Roth, stock exchange strategist with Oddo Seydler bank.
"Overall, everyone can live well with the DAX's performance this year and its six percent increase after a bumpy start into the year," said Roth.
Global markets have fared surprisingly well in a year marked by major political shocks, including June's Brexit vote and the unexpected election of Donald Trump as U.S. president in November.
U.S. stocks have hit successive record highs and emerging equities have rebounded 8 percent after three years in the red.
Roth predicted that the topics which dominated markets in 2016 would be the same in 2017.
"We will be talking about Brexit, Europe's political unity in light of the many upcoming elections in Europe and we will be talking about Donald Trump."
"He has made a lot of announcements which were intensively interpreted. Now he needs to see to it that he delivers what he promised." - Copyright Holder: REUTERS
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