Miners, energy stocks give European shares another leg up

Record ID: 905597

  • Title: Miners, energy stocks give European shares another leg up
  • Date: 7th August 2017
  • Summary: FRANKFURT, GERMANY (AUGUST 7, 2017) (REUTERS) EXTERIOR FRANKFURT STOCK EXCHANGE SIGN TOP SHOT OF FLOOR TRADERS DAX GRAPH ON BOARD TRADER BOARD SHOWING DAX START OF 12,305.74 POINTS ROBERT HALVER, HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, IN DISCUSSION TRADER HALVER IN DISCUSSION VARIOUS OF BANK SHARES (SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING (on STRONG EURO): "The euro is too strong, that has to be said clearly. The United States is in a better position and more inclined to lower interest rates than is Europe. We continue to have problems and just because there is a reformist president in power in France - who has not yet proven that he will carry out reforms -- nothing has been won yet. We continue to have large debt problems, such as in Italy. So I believe the euro will weaken considerably over the coming weeks." TRADER VARIOUS OF AUTOMOBILE SHARES (SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING (on EMISSIONS SCANDAL): "Right now we have a huge reputation damage. This is our showcase industry and everyone played his part in it: politicians, also in Lower Saxony where, according to reports. Watered down speeches were delivered. But the industry is incapable of saying we want to further advance diesel technology. But that's what they should do. The diesel car is not dead and there is still a lot we can get out of it. It would be unwise to bite the hand that feeds 800,000 people." BOARD SHOWING DAX INCREASE OF 20.87 POINTS OR 0.17 PERCENT TRADER WIDE OF DAX BOARD TOP SHOT OF FLOOR
  • Embargoed: 21st August 2017 10:13
  • Keywords: DAX stocks shares Frankfurt trader trading
  • Location: FRANKFURT, GERMANY
  • City: FRANKFURT, GERMANY
  • Country: Germany
  • Topics: Economic Events
  • Reuters ID: LVA0016T5O2OD
  • Aspect Ratio: 16:9
  • Story Text: Basic resources and energy stocks helped European benchmarks build on the previous week's robust gains on Monday (August 7), as commodity prices climbed.
    The pan-European STOXX 600 index rose 0.1 percent in early trading, having enjoyed its best day in three weeks on Friday as the euro fell.
    Frankfurt trader Robert Halver of Baader bank called the euro "too strong" and predicted the bloc's common currency would weaken in coming weeks.
    On the ongoing emissions scandal which hit several German car manufacturers, Halver said automakers needed to advance diesel technology to which 800,000 jobs were attached to in Germany.
  • Copyright Holder: REUTERS
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