German shares flat after previous rally

Note: This section contains information in English only.
Source: Dukascopy Bank SA

German stocks were flat on Monday ahead of the Federal Constitutional Court decision on ESM due on Wednesday.  Dismal economic data releases from the US, China and Japan weighted down on growth-sensitive assets.  At the same time, speculation that the Fed and POBC will announce easing measures to revive economy boosted German shares. The German DAX Index gained 0.01% to trade at 7,210.11. Only four in nine economic sectors included in the index jumped. Financial institutions pushed the DAX index higher. Deutsche Bank and Commerzbank climbed 2.27% and 3.31%. Lufthansa added 1.59% after the Unabhaengige Flugbegleiter Organisation  agreed to solve labour problems by mediation process. Weighting down on the German blue chips index, health care firms slid. Fresenius Medical Care and Fresenius SE & Co lost 0.97% and 1.01%.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.