- Title: GERMANY: DAX starts the day with new 5-year high of 7919 points
- Date: 6th March 2013
- Summary: FRANKFURT, GERMANY (MARCH 6, 2013) (REUTERS) EXTERIOR FRANKFURT STOCK EXCHANGE INTERIOR TRADING FLOOR DAX BOARD VARIOUS OF TRADERS DAX BOARD / INDEXES TRADERS DAX BOARD / INDEXES (SOUNDBITE) (English) OLIVER ROTH, CHIEF TRADER FOR CLOSE BROTHERS SEYDLER BANK AG, SAYING: "We have a very small volume here in Frankfurt, the trading volume, all time high Dow Jones gave us a push yesterday and we have to wait for the reaction for the rest of the market, maybe it's not on long term track but right now we are really kind of excited about the all-time high ." VARIOUS OF TRADERS INDEXES (SOUNDBITE) (English) OLIVER ROTH, CHIEF TRADER FOR CLOSE BROTHERS SEYDLER BANK AG, SAYING: "Well the problem with Apple had always been a huge portion of fantasy in the prices and right now the fantasy is running out. There is no new device coming up and therefore a couple of investors are kind of disappointed about this kind of situation and they are giving up some of their shares." TRADERS AND DAX BOARD INDEXES TRADERS DAX BOARD TRADING FLOOR
- Embargoed: 21st March 2013 12:00
- Keywords:
- Location: Germany
- City:
- Country: Germany
- Topics: Economy
- Reuters ID: LVA5XKXO2FEHOILA6TU4V6PFCVXP
- Aspect Ratio:
- Story Text: European shares inched higher in early trade on Wednesday (March 6), adding to the previous session's sharp rally, with Vodafone Group surging on reports of tie-up talks with Verizon Communications.
The German DAX started the day with an up of 0.6 percent to a new 5-year high of 7,919 points, after it finished already 2.3 percent up on the previous day. The share index continues to rise, making the 8,000 benchmark a reasonable target.
"We have a very small volume here in Frankfurt, the trading volume, all time high Dow Jones gave us a push yesterday and we have to wait for the reaction for the rest of the market, maybe it's not on long term track but right now we are really kind of excited about the all-time high," said Oliver Roth, chief trader for Close Brothers Seydler Bank in Frankfurt.
In order for the DAX to continue climbing, all eyes are directed at the Central Banks. Analysts say that traders rely on a continuing relaxed money policy by the Central Banks. - Copyright Holder: REUTERS
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