GERMANY: Germany's DAX hits record high as signs of progress on U.S. debt talks spur demand for shares
Record ID:
861812
GERMANY: Germany's DAX hits record high as signs of progress on U.S. debt talks spur demand for shares
- Title: GERMANY: Germany's DAX hits record high as signs of progress on U.S. debt talks spur demand for shares
- Date: 15th October 2013
- Summary: FRANKFURT, GERMANY (OCTOBER 15, 2013) (REUTERS) WIDE OF TRADING FLOOR CLOSE OF DAX BOARD SHOWING YESTERDAY'S INDEX OF 8723,81 POINTS WIDE OF DAX BOARD TOP SHOT OF TRADERS TRADER WORKING ON COMPUTER DAX GRAPH WIDE OF DAX BOARD DAX GRAPH TRADER DAX GRAPH AT 8,783.62 POINTS DAX BOARD SHOWING INDEX AT 0742GMT AT 8783.62 POINTS TRADERS LOOKING AT COMPUTER SCREENS DAX BOARD SHOWING DAX DEVELOPMENTS CLOSE OF TRADER TRADING BOARD MORE OF TRADERS WIDE OF TRADING BOARD WIDE OF TRADING FLOOR
- Embargoed: 30th October 2013 12:00
- Keywords:
- Location: Germany
- City:
- Country: Germany
- Topics: Economy,Politics
- Reuters ID: LVA82HQ9KD70ERKCI8BYVYO1DHSY
- Aspect Ratio:
- Story Text: Germany's blue-chip DAX index hit an all-time high on Tuesday (October 15), rising to 8,783.62 points in early trade as hopes of a U.S. deal to ensure the country does not default on its debt supported global markets.
The previous record level of the DAX index was 8,770.10 points, which it reached on Sept. 19.
Cautious optimism that the U.S. government would avert an economically damaging debt default lifted world shares and supported the dollar on Tuesday though prices traded within tight ranges.
The hopes for a deal rose after U.S. Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of talks on Monday, with Reid saying they had made "tremendous progress". - Copyright Holder: REUTERS
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