GERMANY: Germany's DAX opens virtually unchanged at 8,179 points, one day after the blue-chip index hit an all-time high of 8,181.78 points

Record ID: 862599

  • Title: GERMANY: Germany's DAX opens virtually unchanged at 8,179 points, one day after the blue-chip index hit an all-time high of 8,181.78 points
  • Date: 8th May 2013
  • Summary: FRANKFURT, GERMANY (MAY 08, 2013) (REUTERS) VARIOUS EXTERIORS OF FRANKFURT STOCK EXCHANGE VARIOUS OF TRADER WORKING ON COMPUTER WIDE OF DAX BOARD DAX'S PREVIOUS DAY'S CLOSE OF 8,181.78 POINTS TRADER LOOKING AT MONITORS BANK SHARES ON BOARD HIGH SHOT OF FLOOR BAADER BANK TRADER STEFAN SCHARFFETTER WORKING ON COMPUTER OTHER TRADERS WORKING ON COMPUTER BOARD SHOWING DAX HIGH OF 8,213.71 POINTS AT 09:13 A.M. (0713 GMT) TRADER DAX CURVE (SOUNDBITE) (German) TRADER WITH BAADER BANK, STEFAN SCHARFFETTER, SAYING: "The mood remains good. The input from America is superb where the Dow Jones closed above 15,000 points for the first time. Japan is at a five-year high which will have an effect on the DAX. So it's a friendly opening and I'm counting on DAX shares rising further. There might also be a new all-time high by the end of the business day." BOARD SHOWING DAX INCREASE OF 19.69 POINTS OR 0.24 PERCENT (SOUNDBITE) (German) TRADER WITH BAADER BANK, STEFAN SCHARFFETTER, SAYING: "What's missing right now are alternatives to invest money and that's why there is quite a bit of money flowing into the markets. This is the main driving force and you can see that the German economy remains in good shape. People like investing in Germany and in the German economy and German companies. That's the reason why the DAX is currently at an all-time high." DAX CURVE TRADER LOOKING AT COMPUTER HIGH SHOT OF FLOOR
  • Embargoed: 23rd May 2013 13:00
  • Keywords:
  • Location: Germany
  • City:
  • Country: Germany
  • Topics: Economy
  • Reuters ID: LVAAFDBQ64W9Q2L7AN1Q02DO7355
  • Aspect Ratio:
  • Story Text: The mood among German investors and traders remains good as the DAX hit yet a new record high in early trading on Friday (May 08), reaching 8,213.71 points.

    "The input from America is superb where the Dow Jones closed above 15,000 points for the first time," said Stefan Scharffetter, a trader with Baader bank.

    "Japan is at a five-year high which will have an effect on the DAX. So it's a friendly opening and I'm counting on DAX shares rising further," Scharffetter told Reuters Television.
    According to the veteran trader, "what's missing right now are alternatives to invest money and that's why there is quite a bit of money flowing into the markets."

    "People like investing in Germany and in the German economy and German companies. That's the reason why the DAX is currently at an all-time high," said Scharffetter.
    Some two hours into trading, the DAX was up a moderate 0.89 points or 0.01 percent and stood at 8,183.64 points.
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