European Shares Rally, DAX Hits Record FOLLOW FOX BUSINESS...
3
6/19/2014 European Shares Rally, DAX Hits Record High | Fox Business http://www.foxbusiness.com/markets/2013/11/18/european-shares-rally-dax-hits-record-high/ 1/3 Corporate Earnings Commodities Currencies Mutual Funds ETFs World Markets Earnings Calendar Morning Outlook Germany's DAX equity market hit a record high on Monday as European shares resumed their rally on the back of an improving outlook for the region's economy. The pan-European FTSEurofirst 300 index rose 0.4 percent to 1,302.68 points in mid-session trading, close to a 5-year high of 1,316.42 points reached earlier this month. The euro zone's blue-chip Euro STOXX 50 index rose 0.5 percent to 3,071.14 points while the DAX was up by 0.5 percent at 9,212.92 points, having earlier rallied to an all-time high of 9,220.70 points. Investors and traders said that even if European equity markets were prone to the odd short-term dip, the longer-term outlook for 2014 remained positive, given signs of a gradual improvement in the region's economy from the effects of the euro zone's sovereign debt crisis of the last few years. On Monday, European Union data showed that the euro zone's trade surplus grew more than expected in September, while the Bundesbank said Germany would consolidate its economic recovery in coming months. Print Tweet 8 European Shares Rally, DAX Hits Record High Published November 18, 2013 / Reuters Enter Email Address Sign Up 156k Like Follow @foxbusiness MORE FROM FOX BUSINESS FOLLOW FOX BUSINESS Get Our Free Newsletter RECOMMENDED VIDEOS REUTERS 0 Share Share Economy paying for Obama’s foreign policy mistakes? Former BP CEO on why coming out is good for business Is the economy ready for the taper? Maybe You Shouldn’t Pay Off Your Mortgage Before Retirement Walk Away From Co-Signed Loan? No Such Thing GM Recalls 3.16M Cars to Fix Ignition Key Making Money with Charles Payne Pension Crisis Energy Innovators Trending Jobs Report Market Check Home Video Industries Economy & Policy Investing Technology Personal Finance Business Leaders On Air Small Business Markets Search Stocks & Keywords Search Fox Ne w s uReport Fox New s Radio Fox News Latino Fox Nation Fox News Insider Login Fox Business
Transcript of European Shares Rally, DAX Hits Record FOLLOW FOX BUSINESS...
6/19/2014 European Shares Rally, DAX Hits Record High | Fox Business
http://www.foxbusiness.com/markets/2013/11/18/european-shares-rally-dax-hits-record-high/ 1/3
Corporate Earnings Commodities Currencies Mutual Funds ETFs World Markets Earnings Calendar Morning Outlook
Germany's DAX equity market hit a record high on Monday as
European shares resumed their rally on the back of an improving
outlook for the region's economy.
The pan-European FTSEurofirst 300 index rose 0.4 percent to
1,302.68 points in mid-session trading, close to a 5-year high of
1,316.42 points reached earlier this month.
The euro zone's blue-chip Euro STOXX 50 index rose 0.5 percent to
3,071.14 points while the DAX was up by 0.5 percent at 9,212.92
points, having earlier rallied to an all-time high of 9,220.70 points.
Investors and traders said that even if European equity markets were
prone to the odd short-term dip, the longer-term outlook for 2014
remained positive, given signs of a gradual improvement in the
region's economy from the effects of the euro zone's sovereign debt
crisis of the last few years.
On Monday, European Union data showed that the euro zone's trade
surplus grew more than expected in September, while the
Bundesbank said Germany would consolidate its economic recovery
in coming months.
Tweet 8
European Shares Rally, DAX Hits RecordHighPublished November 18, 2013 / Reuters
Enter Email Address Sign Up
156kLike Follow @foxbusiness
MORE FROM FOX BUSINESS
FOLLOW FOX BUSINESS
Get Our Free Newsletter
RECOMMENDED VIDEOS
REUTERS
0Share
Share
Economy paying for
Obama’s foreign
policy mistakes?
Former BP CEO on
why coming out is
good for business
Is the economy
ready for the taper?
Maybe You
Shouldn’t Pay Off
Your Mortgage
Before Retirement
Walk Away From
Co-Signed Loan? No
Such Thing
GM Recalls 3.16M
Cars to Fix Ignition
Key
What's HotMaking Money with Charles Payne Pension Crisis Energy Innovators Trending Jobs Report Market Check
Home Video Industries Economy & Policy Investing Technology Personal Finance Business Leaders On Air Small BusinessMarkets
Search Stocks & Keywords Search
Fox News uReport Fox News Radio Fox News Latino Fox Nation Fox News Insider Login Fox Business
6/19/2014 European Shares Rally, DAX Hits Record High | Fox Business
http://www.foxbusiness.com/markets/2013/11/18/european-shares-rally-dax-hits-record-high/ 2/3
FROM AROUND THE WEB
The two best-in-class Investment Trusts I can't wait to
buy (Trustnet Direct)
Fund manager: How I saved my pension from admin
paralysis (Hargreaves Lansdown)
How TSB Stands Out Among Other Banks on the London
Stock Exchange (Galvan)
Which stocks are the fund managers betting against?
(Trustnet Direct)
Returns of 6 or 7%? Learn about FTSE's 3 Biggest Cash
Kings (Galvan)
At last, Equitable Life policyholders no longer trapped
(Hargreaves Lansdown)
MORE FROM FOX BUSINESS
Top 10 barbecue places
Former Miss Teen Colorado in second porn video,
report says
1971 Plymouth Hemi Cuda Convertible sold for record
$3.5 million
Moving Just to Avoid Taking 401(k) Tax Hit
Stocks Dip as Traders Eye Weak Data
F1 Driver Schumacher Out Of a Coma, Exits Hospital
The European Central Bank's decision earlier this month to cut
interest rates to a record low of 0.25 percent has provided
encouragement for investors, signalling the bank's intent to support
the economic recovery.
"Stable to slightly higher equity markets are expected in the near
term," said Eric Bendahan, European equity fund manager at Swiss
bank and fund management group SYZ.
"An improving economy was the missing piece in the puzzle but
leading indicators in the developed world and in Europe are now
supportive, confirming the return to a growth environment with growth
being more balanced between northern and southern Europe," he
added.
RWE AND SONOVO RISE
Richard Edwards, head of trading and research firm HED Capital,
favoured the DAX over rival markets in France, Spain and Italy,
arguing that the German economy appeared in better shape with its
exporters well-placed to benefit from any weakness in the euro.
Edwards backed buying the DAX on days when it fell while also
selling the French, Spanish and Italian equity markets when they rose
in order to make the most gains.
"We've favoured Germany for a long time over the rest," he said.
German utility RWE topped the DAX leaderboard with a 7.7 percent
rise, which traders attributed to Exane BNP Paribas' upgrade on the
stock to "outperform" from "neutral".
Hearing aid company Sonova also rose 6.7 percent after raising its
full-year guidance.
The FTSEurofirst 300 has risen around 15 percent since the start of
2013, while the Euro STOXX 50 has advanced by around 17 percent.
The DAX has risen 21 percent.
Tweet
8 0 StumbleUpon
Submit
SHARE THIS ARTICLE FOX BUSINESS VIDEO
[What's This?]
FROM OUR SPONSORS
What's this?
MOST POPULAR STOCKS
1. Best Gold Stocks
2. Downturn Stocks to Invest in
3. Best Bond Funds
4. High Yield Bonds
5. Top Penny Stocks
6. Multibagger Penny Stocks
Sponsored Searches
0
Share
Medtronic buying Covidienfor $42.9B
Varney: Hillary Clinton runs,but loses
S&P 500 Logs
Ninth-Straight
Monday Advance
Four of my favourite
income stocks -
Fund managerHargreaves Lansdown
Morning Business Outlook: 6/19/14
Week Starts w ith Handful of Deals in Mid-Market
Arena
Iraq Unrest Hitting Oil Prices
Morning Biz Outlook ›
AAPLJun 19 2:48 PMAPPLE INC.
92.06-0.13%
FJun 19 2:48 PMFORD MOTOR CO...
16.85+0.12%
XOMJun 19 2:48 PMEXXONMOBIL CO...
102.52-0.20%
GEJun 19 2:48 PMGENERAL ELECT...
26.72+0.19%
BACJun 19 2:48 PMBANK OF AMERI...
15.55-0.64%
6/19/2014 European Shares Rally, DAX Hits Record High | Fox Business
http://www.foxbusiness.com/markets/2013/11/18/european-shares-rally-dax-hits-record-high/ 3/3
MORE FROM DJIA -5.17 16,901.45
NASDAQ +1.56 4,364.40
S&P 500 +1.75 1,958.73
FOX 50 +0.02 1,369.30
STOCKSData as of 3:03:00pm ET
ALSO ON THE WEB
Qihoo, Baidu Among 5 Chinese International Leaders
Money Minute: T-Mobile Takes on Streaming With
'unRadio'
The Latest Gender Gap: People's Views About Taxes
Don't Lose Your Share of $48 Billion in Credit Card
Rewards
Synergisticus! Universal Uses NBC to Hype Harry Potter
After Market: Steady Course from the Fed Steers
Stocks Higher
SPONSORED FROM AROUND THE WEB
Surprising Way to
Lose Pounds, Relieve
Gas and Bloating
Exposed! Journalist
analyzes method to
get an iPhone for £17
Cheats to Boost
Testosterone
74-Year-Old
Outsmarts Doctors.
Saves on Facelift.
Frenzy Over "Skinny
Pill"
?
Wall Street Hits Pause Near Record
High Levels
The broad S&P 500 paused near record
highs on Thursday after posting a solid
rally in the last session.
Economy Policy
Weekly Jobless Claims Fall More thanViews
Industries
BlackBerry Shares Surge on 1Q Results
Industries
Chelsea Handler Seeks to Revamp TalkShow with Netflix
Industries
RiteAid 1Q Profit More than Halves
Markets
Yellen Spurs Positive Mood in EuropeanMarkets
TOP STORIES
One Puff and Pass Closer to Legal
MPP director of federal policies Daniel Riffle on
the latest on marijuana legalization.
Is Leasing a Car
Right for You?
Rep. Rangel: No
Such Thing as a
Limited War
The Biggest
Threat to the
September
Stock Market
Hole-in-One
Insurance?
POPULAR VIDEOS
SECTIONS
Home
Video
Markets
Industries
Economy & Policy
Investing
Technology
Personal Finance
Business Leaders
On Air
Small Business
BROWSE
Trending
Stock Quotes
Video
Anchors & Reporters
TV Show Schedule
Tools
Topics
Mobile
Apps & Downloads
Alerts
SHOWS
After the Bell
Cavuto
Closing Bell
Imus in the Morning
Lou Dobbs Tonight
Making Money
Money with Melissa Francis
Opening Bell
Risk & Reward
Stossel
Varney & Company
The Willis Report
The Independents
ABOUT
About Fox Business
Channel Finder
Advertise With Us
Jobs at Fox Business
Internships
Terms of Use
Privacy Statement
Ad Choices
FAQ
Media Relations
Google+
RSS
Newsletters
FOLLOW
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Pow ered and
Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund
and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rew ritten, or redistributed. ©2014 FOX New s Netw ork, LLC. All rights reserved.
