- Title: Dax starts almost unchanged into new week
- Date: 30th August 2021
- Summary: FRANKFURT, GERMANY (AUGUST 30, 2021) (REUTERS) TRADING FLOOR AT FRANKFURT STOCK EXCHANGE ELECTRONIC BOARD SHOWING FIRST OF DAX AT 15,856.71 VARIOUS OF TRADERS SIGN, READING (German) FRANKFURT STOCK EXCHANGE ELECTRONIC BOARD SHOWING DAX GRAPH VARIOUS OF TRADERS (SOUNDBITE) (German) ANALYST OLIVER ROTH, HEAD OF SPECIALIST FLOOR EQUITIES AT ODDO SEYDLER BANK AG SECURITIES TRADING HOUSE, SAYING: "We start sideways - if I may call it that - into this week. With just a little minus of 0.1 oe 0.2 percent. That is a bit surprising if you look at how the U.S. assessed Jackson Hole and what has not been said and reacted positively, meaning Dow Jones in positive territory, Nasdaq in positive territory, significantly so. However, the U.S. news or rather non-news seems not be of any great interest to the German markets." ELECTRONIC BOARD SHOWING BANKING SHARES TRADER ELECTRONIC BOARD SHOWING SHARES (SOUNDBITE) (German) ANALYST OLIVER ROTH, HEAD OF SPECIALIST FLOOR EQUITIES AT ODDO SEYDLER BANK AG SECURITIES TRADING HOUSE, SAYING: "The news from Jackson Hole have not impressed the Dax much because we are at an all-time high. And so we need more news, good news. There hasn't really been any news. Jackson Hole, led by Jerome Powell, really only says that they will stick to their course. Although the inflation is on the rise they will not give up the bond buying programme. Decisions are being postponed until the end of the year. That is old news and that is why it has not to come as a bombshell here at the stock exchange." ELECTRONIC BOARD SHOWING CHANGE IN DAX VARIOUS OF TRADER ELECTRONIC BOARD SHOWING DAX INDEX ELECTRONIC BOARD SHOWING SHARES VARIOUS OF TRADERS TOY BULL ON TOP OF MONITOR ELECTRONIC BOARD TRADING FLOOR
- Embargoed: 13th September 2021 09:54
- Keywords: DAX Jackson Hole U.S. markets
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Europe,Economic Events
- Reuters ID: LVA001ESH2A31
- Aspect Ratio: 16:9
- Story Text: European stocks held firm on Monday (August 30) after near record highs scaled earlier this month, as hopes that continued central bank support would sustain an economic recovery offset woes over rising Delta COVID-19 variant cases.
Germany's DAX was ever so slightly down by about 0.1% in morning trading, not overly moved by the U.S. news, as Oddo Seydler Bank AG analyst, Oliver Roth, told Reuters TV. "That is a bit surprising if you look at how the U.S. assessed Jackson Hole (annual conference of central bankers at Jackson Hole) and what has not been said and reacted positively, meaning Dow Jones in positive territory, Nasdaq in positive territory."
"However, the U.S. news or rather non-news seems not be of any great interest to the German markets."
Risky assets including equities remained supported after U.S. Federal Reserve Chairman Jerome Powell on Friday explained why there is no rush to tighten monetary policy, and offered no signal on when the central bank plans to cut its asset purchases beyond saying it could be "this year."
(Production: Tilman Blasshofer, Ute Swart) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2021. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None
