Franken released Dax helps over 10,000 points – FAZ – Frankfurter Allgemeine Zeitung

Franken released Dax helps over 10,000 points – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          The Swiss National Bank in Bern
     

 
                                           
 
 
     
     
     
         
         
                                                             

The release of the Swiss franc has trigge red severe turbulence on the German stock market on Thursday. Ultimately, however, the prices have risen again, and the Dax jumped over the 10,000-point mark for the first time this year. At times, missing less than 30 points until his early December, reaching record high of 10,093 points. With an increase of 2.2 percent to 10,032.6 counter the benchmark index went off the market, but varied in the course of the day a total of 400 points.

                         
         
         
                         

          

 
 
 
 

 

 

             

 

 

 

 

 

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The M-DAX closed at a record high of 17,570.1 points and so recorded an increase of 1.8 percent. The technology index Tec-Dax climbed by about one percent to 1,436.6 points.

                         
         
         
                                                             

The Swiss National Bank (SNB) had the morning surprisingly eliminated the minimum rate of 1.20 francs per euro and thus offset the financial markets in turmoil. The euro fell to $ 1.1568 and at times, the lowest level since November 2003. The minimum course was originally introduced to protect the Swiss export industry against a too strong franc.

                         
         
         
                                                             

“SNB-step has completely surprised”

“The SNB move to repeal the exchange rate peg, has surprised the market. The unsettled and therefore we drove down sharply in Dax, “said portfolio manager Lothar Koch of the GSAM + Spee Asset Management AG. “Ultimately, however, it is much easier to export goods to Switzerland for German exports, and that might have been a not insignificant reason for the then considerable backlash.”

                         
         
         
                                                                                                                                                                                                                              

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Market analyst Andreas Paciorek CMC Markets also referred nor that “market participants the surrender of the SNB shortly before have interpreted the next ECB meeting as an additional indication of an early European government bond buying program. “

                         
         
         
                                                             

sales of Beiersdorf better than expected

On the corporate Beiersdorf surprised with better-than-expected sales figures for 2014 which pushed the stock up 5.6 percent to the DAX tip. The proceeds of the consumer goods company grew thanks to new products by 2.3 percent. The figures showed that Beiersdorf and the entire household and personal care sector have bottomed out in the third quarter, said a dealer.

                         
         
         
                                                             

The Lufthansa pally were last in the leading index with a below-average growth of 0.7 percent. Again impending strikes the airline and its customers make life difficult.

                         
         
         
                                                              

Aurubis share price recovery proposes a

In the M-DAX shares of Aurubis were with an increase of 7.2 percent Leader and thus recovered somewhat from the recent price drop. In the past two days by analysts and the slump in copper prices had pulled the papers of the copper producers by more than 12 percent down.

                         
         
         
                                                             

The inclusion of Hella in the small-cap index S-Dax next Monday catapulted their shares temporarily to a record high of 39.00 euros. With an increase of 5.8 percent at 38.29 euros, the title of the previous IPO in November automotive supplier went out of the trade. As the German Stock Exchange announced on Wednesday evening, the Hella replace the shares of the oil and gas service provider CAT Oil, which was acquired by Juma.

                         
         
         
                                                             

Europe strong gains – US stock exchanges in the red

For the Euro Stoxx 50 it went with violent fluctuations ultimately by 2.2 percent to 3,157.4 points up and the stock exchanges in Paris and London rose sharply. The American stock exchanges, however, gave the European close of trading for something.

                         
         
         
                                                             

On the German bond market, the current yield on quoted government bonds fell from 0.40 to 0.38 percent. The bond index gained 0.11 percent to 140.08 Rex points. The Bund futures rose by 0.18 percent to 157.50 points. The euro traded at $ 1.1601 in the evening. The European Central Bank (ECB) had the reference rate at 1.1708: fixed dollar (Wednesday 1.1775). The dollar cost order 0.8541 (0.8493) €.

                                                                              
 
  

 
 
 
                       

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Franken released Dax helps over 10,000 points

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The Dax is after the abolition of the minimum euro exchange rate against the franc went over the 10,000 mark important points from the market. Analysts reasoned that the positive effects of the decision for German exports.

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