- Title: GERMANY: DAX up 0.2 percent in early trading
- Date: 15th April 2013
- Summary: FRANKFURT, GERMANY (APRIL 15, 2013) (REUTERS) EXTERIOR OF FRANKFURT STOCK EXCHANGE HIGH SHOT OF FLOOR PAN FROM TRADER TO DAX BOARD DAX CURVE VARIOUS OF TRADERS BANK SHARES ON ELECTRONIC BOARD (SOUNDBITE) (German) HEAD OF EQUITY MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "We are looking at China where economic growth is not extremely high anymore but certainly sufficient, I would say. I believe that markets should be content. Another focus remains the question how to deal with the rescue of European banks. Bank deposits are no longer as secure as they used to be. And that will affect the markets somewhat negatively." TRADER LOOKING AT MONITORS DAX BOARD (SOUNDBITE) (German) HEAD OF EQUITY MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "I do believe that Cyprus is a blueprint for future bank rescue operations. States will never, ever rescue banks again. Voters no longer accept that. That means that creditors have to get involved, in other words the shareholders. But with many banks, that won't be enough. So the banks' corporate bond creditors are next and then the savers. For now, (the covered) limit is 100,000 (euros). But if the sum above 100,000 is not enough, what do you do then?" TRADER WORKING ON COMPUTER PAN ACROSS BOARD DAX BOARD SHOWING INCREASE OF 11.48 POINTS OR 0.15 PERCENT TRADERS WIDE OF DAX BOARD HIGH SHOT OF FLOOR
- Embargoed: 30th April 2013 13:00
- Keywords:
- Location: Germany
- City:
- Country: Germany
- Topics: Economy
- Reuters ID: LVA4OFMKQ89C9U1EZLTNTDK3RG6C
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- Story Text: The German DAX index started into the new week around 0.2 percent higher on Monday (April 15) as investors turned their attention to China, according to one Frankfurt trader.
"We are looking at China where economic growth is not extremely high anymore but certainly sufficient," Robert Halver said, head of Baader bank's equity market analysis.
China shares posted their worst loss in more than two weeks on Monday, while Hong Kong nearly erased most of last week's gains after weaker-than-expected China GDP data aggravated the gloom from several Chinese corporate profit warnings.
Halver said that another focus "remains the question how to deal with the rescue of European banks. Bank deposits are no longer as secure as they used to be. And that will affect the markets somewhat negatively."
Some two hours into trading, the DAX had lost 47 points and was at 7,696 points, down 0.61 percent. - Copyright Holder: REUTERS
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