GERMANY: Germany's DAX index starts new week 0.2 percent higher

Record ID: 863475

  • Title: GERMANY: Germany's DAX index starts new week 0.2 percent higher
  • Date: 5th August 2013
  • Summary: FRANKFURT, GERMANY (AUGUST 05, 2013) (REUTERS) VARIOUS EXTERIORS OF FRANKFURT STOCK EXCHANGE HIGH SHOT OF FLOOR DETAIL OF DAX BOARD PAN FROM DAX BOARD TO TRADER VARIOUS OF TRADERS WORKING ON COMPUTERS ROBERT HALVER, HEAD OF BAADER BANK'S CAPITAL MARKET ANALYSIS IN DISCUSSION / TRADER LOOKING AT TERMINALS (SOUNDBITE) (German) HEAD OF BAADER BANK'S CAPITAL MARKET ANALYSIS, ROBERT HALVER, SAYING: "The way the DAX opened was certainly acceptable. You could even call the financial markets a summer fairy tale: it's hot outside but very friendly on the markets because we have an almost perfect mix for the financial markets of stable economic figures across the world. Yet they are not so stable that the central bank would quickly have to withdraw the money." DETAIL OF DAX BOARD (SOUNDBITE) (German) HEAD OF BAADER BANK'S CAPITAL MARKET ANALYSIS, ROBERT HALVER, SAYING: "We know that the Italians deal with chaos on a very professional basis and that they are very good at it. But I don't see a government crisis coming because it's clear that Italy needs to remain governable somehow. Even (former Prime Minister Silvio) Berlusconi found very moderate words and said that he did not want Italy to suffer from him and his problems." VARIOUS OF TRADERS WORKING ON COMPUTER WIDE OF DAX BOARD HIGH SHOT OF FLOOR
  • Embargoed: 20th August 2013 13:00
  • Keywords:
  • Location: Germany
  • City:
  • Country: Germany
  • Topics: General,Economy
  • Reuters ID: LVACZ5SZMN46HLW4OAK87W31NTHS
  • Aspect Ratio:
  • Story Text: The world's economic conditions are currently very favourable to financial markets. a Frankfurt trader said on Monday (August 05) after Germany's DAX index opened 0.5 percent higher.
    "The way the DAX opened was certainly acceptable. You could even call the financial markets a summer fairy tale," said the head of Baader bank's capital market analysis, Robert Halver.
    "We have an almost perfect mix for the financial markets of stable economic figures across the world. Yet they are not so stable that the central bank would quickly have to withdraw the money," Halver said.
    Asked to comment how he viewed Italy's imminent future after former Prime Minister Silvio Berlusconi was convicted of tax fraud, Robert Halver said "w know that the Italians deal with chaos on a very professional basis and that they are very good at it."
    "But I don't see a government crisis coming because it's clear that Italy needs to remain governable somehow. Even Berlusconi found very moderate words and said that he did not want Italy to suffer from him and his problems," said Halver.
    During a protest with thousands of Berlusconi supporters in Rome on Sunday, the centre-right leader said the government must continue.
    Addressing the 2,000-strong crowd, a subdued Berlusconi again bitterly attacked what he calls leftist judges and insisted he was innocent, but said he would continue to support the shaky coalition of his centre-right People of Freedom (PDL) party with the centre-left Democratic Party (PD) of Prime Minister Enrico Letta.
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