After the Franken-crash, investors expect that the European Central Bank pumped billions into the market.
Just one day after the global market turbulence because of the Franks released has scaled a record high of German blue-chip index. Yesterday afternoon, the Dax exceeded the mark of 10,208 points before he left with 10,168 points from the market. “It is also the expectation that the European Central Bank (ECB) next week finally announced the purchase of government bonds, which has the Dax catapulted to the top,” said Markus Huber dealer. In addition, the weak oil prices and the weak euro stoking optimism that it will go in Europe, especially with the German economy soon sharply upward.
On Thursday, the Dax had put down a roller coaster ride, after the Swiss National Bank unexpectedly applicable since September 2011 coupling of the Franks had picked up on the euro. Analyst Andreas Paciorek of CMC Markets said the market interpret the actions of the Swiss National Bank as a clear indication of the introduction of a bond purchase program of the European Central Bank (ECB) in the coming week. Europe’s central bankers could decide the purchase of government bonds in a big way on Thursday. . This and the friendly outlook for German exports due to the weak euro and the strong Swiss franc Increase confidence in the German stock market
In addition, help came through individual Dax values: RWE put because of Dea Sale at times almost eight percent. Also auto stocks were in demand, which benefited from encouraging car sales. So won the papers from BMW, VW and Daimler between two and three percent. The European car market in 2014 had ended a six-year downward series and again sold more vehicles.
2014, the Dax had reached a record at 10,093 points. Then it was gone down to 9200 points after the presidential election in Greece had failed and worried about an exit from the euro zone emerged
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