German shares on a one-year high

Stock exchange

German shares on a one-year high

The Worries about the world economy from the beginning of the year seem to forget, just as the fear of the consequences of Brexit. Thanks to the monetary policy of the major Central banks, the share prices rising.

The German Dax stock index climbed on Tuesday to the highest level of the year – early in the evening he went with 10.692 points from the trade. This is an increase of 2.5 percent compared to the previous day. Again, the monetary policy have driven up the prices, said Analyst Jochen Stanzl from the Broker CMC Markets the current bull market. From the preliminary all-time high of well 12.390 points from the year 2015, the Dax is far but still a good piece.

For years the flood of money the Central banks are driving the markets. The mechanism behind it: zero interest rates for bonds and other forms of investment, forcing investors and institutional investors outright, with shares of stock, because this plant is the only form currently, which promises to return. “Investors no other return see promising Alternatives,” said a trader.

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Brexit-Concerns ticked off

His highest price to date was reached, the stock market barometer directly to the beginning of the year, before Worries about the global economy leave it in February to around 8,700 points were buckling. The Brexit vote from Großbtiannien, which had at the end of June for turbulence, seems to have been ticked off..

The Index of medium-sized companies, the MDax, gained on Tuesday by 1.4 percent to 21.576,41 points and the technology Index TecDax was up by 1.5% to 1.729,54 points. The Euro-zone leading index EuroStoxx 50 rose by 1.5 percent.

Munich Re and Lufthansa Shine

For a good mood in the case of its shareholders, the Munich Re provided with its business figures for the second quarter. The world’s largest reinsurers could absorb the cost of high catastrophe losses well and earned significantly more than expected. The papers rose on the Dax-tip in order to 3.44 percent.

Lufthansa shares gained also. Dealer evaluated the purchase of the remaining portion of the Express shipping Time Matters by the freight division of the aerospace group. A stronger ticket sales in Eurowings and the foreign subsidiaries gave the airline is also in the holiday month of July, more passengers.

Good sales from China, shares of German car manufacturer is awarded the pay back of wind. The middle Kingdom is one of the most important markets for Daimler, Volkswagen and BMW. The value of their shares rose by one to one and a half percent.

who/dk (dpa, rtr, afp)


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