Arab Today, arab today germays benchmark dax index declines sharply
Last Updated : GMT 15:51:18
Arab Today, arab today
Arab Today, arab today

Germay's benchmark DAX index declines sharply

Arab Today, arab today

Arab Today, arab today Germay's benchmark DAX index declines sharply

Germay's benchmark
Frankfurt - XINHUA

The benchmark DAX index at Frankfurt Stock Exchange on Monday slumped by nearly 500 points and closed below 10,000 points.

The blue-chip index fell by nearly 700 points during its intraday trading and it eventually lost 476.09 points, or 4.7 percent. It closed at 9,648.43 points.

"All the bad things are coming together," said Robert Halver, head of the capital market analysis department of Baader Bank, citing the strong euro, the slowdown of the emerging economies, the discussion about the interest rate hikes in the United States. They are enough to bring the DAX down in the weak summer season, he added.

However, Halver is optimistic that the DAX index will recover and get higher by the end of the year. Since the interest rates are still low and equities are still a good investment tool.

All the 30 DAX member shares suffered losses. K+S Aktiengesellschaft, a standard and specialty fertilizers producer, topped the list of fallers. It plunged by 3.07 percent. HeidelbergCement AG lost 2.87 percent. The utilities company RWE AG St slipped by 2.75 percent. Fresenius SE & Co. KGaA, a health care group slid by 2.69 percent. Daimler AG went down by 2.67 percent.

The turnover stood at 2.01 billion euros (around 2.29 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 139.13 million euros (around 158.37 million U.S. dollars).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germays benchmark dax index declines sharply Arab Today, arab today germays benchmark dax index declines sharply

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germays benchmark dax index declines sharply Arab Today, arab today germays benchmark dax index declines sharply

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday