Trading in Frankfurt marked by Fed's rate decision later in the day

Record ID: 451775

  • Title: Trading in Frankfurt marked by Fed's rate decision later in the day
  • Date: 15th March 2017
  • Summary: FRANKFURT, GERMANY (MARCH 15, 2017) (REUTERS) VARIOUS EXTERIORS OF FRANKFURT STOCK EXCHANGE TOP SHOT OF FLOOR SIGN IN GERMAN "FRANKFURT STOCK EXCHANGE" WIDE OF DAX BOARD TRADER BOARD SHOWING DAX START OF 12,000.44 POINTS VARIOUS OF TRADERS DAX CURVE TOP SHOT OF FLOOR (SOUNDBITE) (German) CAPITAL MARKETS STRATEGIST, ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "Financial markets are under the spell of monetary policy. Last week the ECB met, today it's the Federal Reserve Bank. A rate exchange is expected but markets are not one hundred percent sure which explains the stock market's sideways movements in recent days as well as today." TOP SHOT OF TRADERS (SOUNDBITE) (German) CAPITAL MARKETS STRATEGIST, ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "I find the issue of Holland most interesting, not so much because of the financial markets but because of the media hype. It's quite clear that (Dutch nationalist Geert) Wilders won't lead the government. He will be in the opposition. The right-wing movements in Europe are very interesting and somewhat threatening but in the Netherlands, they definitely won't form a government so financial markets are not interested in the least." VARIOUS OF BANK SHARES VARIOUS OF TRADERS DAX CURVE TRADER VARIOUS TOP SHOTS OF FLOOR
  • Embargoed: 29th March 2017 11:19
  • Keywords: DAX shares stocks Dutch elections Frankfurt Fed rate interest
  • Location: FRANKFURT, GERMANY
  • City: FRANKFURT, GERMANY
  • Country: Germany
  • Topics: Economic Events
  • Reuters ID: LVA001682IO3X
  • Aspect Ratio: 16:9
  • Story Text: Hours before the U.S. Federal Reserve Bank was expected to announce its rate decision on Wednesday (March 15), trading at Frankfurt stock exchange moved "sideways," according to one capital markets strategist.
    Oliver Roth of Oddo Seydler bank said that although financial markets were banking on a rate increase, they were not "one hundred percent sure."
    According to Roth, today's Dutch parliamentary elections are of "no interest" to financial markets now it was "clear" that nationalist Geert Wilders would not be able to form the next government.
  • Copyright Holder: REUTERS
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