Tuesday, August 2, 2016

German Bank flies from the Stoxx Europe 50 – SPIEGEL ONLINE


  branch of Deutsche Bank in  London
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REUTERS

branch of Deutsche Bank in London

the stock index Stoxx Europe 50 brings together the 50 largest European companies. The German Bank and Credit Suisse have left the index after heavy losses.

the strong price losses of Deutsche Bank and its Swiss rival credit Suisse have consequences. the shares of both companies are 50 away August 8 from the selection index Stoxx Europe, as the index provider Stoxx announced on Monday evening

for the titles of the French construction group Vinci and the Dutch supplier for the semiconductor industry ASML added. Experts had expected this development.

Background of unscheduled exchanges is the so-called fast-exit rule. This means that the index tracks flying from the comprehensive 50 companies Stoxx index when they land two months resulted in the monthly selection list at No. 75 or worse.

Both Bank title had recently suffered heavy losses after the presentation of its quarterly results, but also as a result of the Proposed referendum on United Kingdom membership of the European Union-vote.

index changes are especially important for the Fund, the indices reproduce, as they must adjust their portfolios accordingly.

sun / dpa AFXP





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