GERMANY: DAX opens 0.8 percent higher after previous day's gains of more than 2 percent

Record ID: 862942

  • Title: GERMANY: DAX opens 0.8 percent higher after previous day's gains of more than 2 percent
  • Date: 11th September 2013
  • Summary: FRANKFURT, GERMANY (SEPTEMBER 11, 2013) (REUTERS) WIDE OF FLOOR AT FRANKFURT STOCK EXCHANGE DAX BOARD TRADER WORKING ON COMPUTER BOARD SHOWING DAX INCREASE OF 9.56 POINTS OR 0.11 PERCENT WIDE OF DAX BOARD DAX CURVE VARIOUS OF TRADERS BANK SHARES ON BOARD (SOUNDBITE) (English) CHIEF TRADER WITH CLOSE BROTHERS SEYDLER BANK, OLIVER ROTH, SAYING: "The market overcame this Syria crisis because of the deescalation and the diplomatic efforts to solve this problem. And therefore, we are kind of relieved that this problem is right now not so hard for us. Therefore, we are kind of optimistic and much more focused right now on a possible exit of the Fed or the economic situation in the world." TRADER LOOKING AT MONITORS WIDE OF DAX BOARD HIGH SHOT OF FLOOR
  • Embargoed: 26th September 2013 13:00
  • Keywords:
  • Location: Germany
  • City:
  • Country: Germany
  • Topics: Economy
  • Reuters ID: LVABF011TJHAVNMIIF9SO4P23Y92
  • Aspect Ratio:
  • Story Text: The German DAX index opened 0.8 percent higher on Wednesday (September 11), one day after it closed more than two percent higher amid market expectations that the impact of the Syrian crisis will be limited.
    "The market overcame this Syria crisis because of the deescalation and the diplomatic efforts to solve this problem," chief trader Oliver Roth of Close Brothers Seydler bank told Reuters Television.
    "Therefore, we are.. optimistic and much more focused right now on a possible exit of the Fed or the economic situation in the world," Roth said.
    His comments reflected sentiments elsewhere as an easing in international tensions over Syria prompted investors to seek higher-yielding assets.
    Some 90 minutes into trading, the DAX was up 34 points at 8,482 points, an increase of 0.43 percent.
  • Copyright Holder: REUTERS
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