GERMANY: Germany's DAX index remains stable two days after the U.S. shutdown ends as China reports an acceleration in economic growth

Record ID: 862429

  • Title: GERMANY: Germany's DAX index remains stable two days after the U.S. shutdown ends as China reports an acceleration in economic growth
  • Date: 18th October 2013
  • Summary: FRANKFURT, GERMANY (OCTOBER 18, 2013) (REUTERS) VARIOUS OF BOARD SHOWING DAX GRAPH VARIOUS OF TRADERS BOARD SHOWING VALUE OF DAX FROM PREVIOUS DAY VARIOUS OF BOARD SHOWING DAX GRAPH TRADER BOARD SHOWING DAX DOWN 0.17 PERCENT TRADER SMALL MODEL BULLS TRADER BOARD SHOWING VALUE OF FINANCIAL STOCKS VARIOUS OF TRADERS DAX BOARD / BULL MODEL BOARD SHOWING DAX GRAPH BOARD SHOWING DAILY HIGH AND LOW VALUES OF DAX WIDE OF TRADING ROOM
  • Embargoed: 2nd November 2013 12:00
  • Keywords:
  • Location: Germany
  • City:
  • Country: Germany
  • Topics: Economy,Politics
  • Reuters ID: LVA9Y3LY9133WO7UXOX31GMY8SAJ
  • Aspect Ratio:
  • Story Text: Trading on Germany's main DAX index remained calm on Friday (October 18) two days after Washington's eleventh-hour deal to avert a damaging U.S. default.
    Positive data from China also boosted the markets, as the world's second biggest economy reported an acceleration in economic growth.
    The country's economy grew 7.8 percent in the third quarter, the fastest pace this year, as rising foreign and domestic demand lifted factory production and retail sales.
    At 0830GMT the Frankfurt-based index was almost unchanged, down 0.02 percent at 8810 points.
    Traders were left relieved earlier this week after the U.S. Congress, late on Wednesday (October 16), approved a last-minute agreement to end a partial government shutdown and pull the country back from the brink of a historic debt default that would have had damaging ripple effects across the world.
    The deal offers only a temporary fix, however, as it funds the U.S. government until January 15 and raises the debt ceiling until February 7, leaving open the prospect of another bitter budget fight and shutdown early next year.
  • Copyright Holder: REUTERS
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