- Title: Dax again chasing record high - after win in France and with Brexit in focus
- Date: 19th June 2017
- Summary: FRANKFURT, GERMANY (JUNE 19, 2017) (REUTERS) VARIOUS OF TRADING FLOOR TRADER ELECTRONIC BOARD SHOWING DAX ON PREVIOUS DAY AT 12.752,73 POINTS AND TILT DOWN TO DAX GRAPH POINTING UPWARDS VARIOUS OF TRADERS ELECTRONIC BOARD SHOWING DAX GRAPH TRADER ELECTRONIC BOARD SHOWING CHANGES IN DAX OF 127.67 POINTS OR 1 PERCENT ELECTRONIC BOARD SHOWING DAX GRAPH VARIOUS OF TRADERS TRADING FLOOR (SOUNDBITE) (German) HEAD OF CAPITAL ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The French people voted for Macron. Those who have voted. But if 57 percent do not vote at all, that also means that they don't want any real reform in France. We don't really want reforms, which take away our achievements, like a pension at 62 or a 35-hour workweek. The French people do not want that. So, it's not going to be a reformist president. It will a president who surely will be beneficial for Europe, but - and that is very important - with less stability." ELECTRONIC BOARD SHOWING DAX GRAPH TRADER TRADING FLOOR
- Embargoed: 3rd July 2017 10:03
- Keywords: REUTERS
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Economic Events
- Reuters ID: LVA0016LY0BIF
- Aspect Ratio: 16:9
- Story Text: European stock markets rose on Monday (June 19) following a convincing parliamentary majority for President Emmanuel Macron in France which helped boost investor sentiment across Europe.
The German Dax again rose toward the 13,000 mark, and started the new week with 0.8 points up at 12,848 points and was only 70 points sway from a new record high
Macron's centrist Republic on the Move (LREM) party and its centre-right Modem ally won 350 seats out of 577 in the lower house, the results showed after a vote that saw a record low turnout for a parliamentary poll in the post-war Fifth Republic.
Though lower than forecast by pollsters in the run-up to the vote, Macron's majority swept aside France's main traditional parties, humiliating the Socialist and conservative The Republicans party that alternated in power for decades.
An analyst at the Frankfurt stock exchange said that although Macron celebrated wins throughout the country, the low voter turnout were a reason for concern, showing the French people did not really want to give up their achievements, the head of capital analysis at the German Baader bank, Robert Halver, told Reuters.
But more than the win in France, the big story that concerned the markets on Monday (June 19) was the start of the Brexit talks between the British Brexit minister David Davis and EU's chief negotiator Michel Barnier.
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