Home News XETRA-MITTAG/DAX builds profits from Spanish-Bond Auction

XETRA-MITTAG/DAX builds profits from Spanish-Bond Auction

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2010-06-10_Mittag FRANKFURT (Dow Jones) – The German stock market basket  the courses in the course of Thursday morning to continue. The Daily high recorded while the DAX again well above the psychologically important Mark of 6,000 points, then sat down again, however, already the first profit-taking one. (Photo: German stock exchange)

Up the leading index increased to 12.43 clock 0.6% or 33 points to 6018. Daily high in 6030 it has already Points seen. In the second series of the MDAX rose by 1.7% or 138 Points to 8119. For the TecDAX is about 0.8% or 6 points to 746 up.
For new impulses are likely later in the first monetary policy decisions by the ECB and Bank of England make. Both  Central banks are likely to confirm their respective key interest rate indeed, special importance should, however, the comments on the extraordinary measures of both central banks play. In the afternoon  related to the development of the weekly number of initial applications to Unemployment insurance benefits and the trade balance for April then economic data from the U.S. on the agenda.
The main reason for the accelerating over the course of the morning  Dynamics of the price advances on the German stock market is that traders the successful completion of Spanish government bond auction. The Iberians  have three-year debt instrument with a volume of 3.9 billion EUR on the market placed. The Bid-to-cover ratio was 2.1. "Not a screamer, but properly, "said UniCredit analyst Christian Weber credit.
are especially sought, given the continued weakness of the euro the German export-cyclicals. Says BMW to increase by 4.6% to 40.70 EUR, Daimler is up 3.7% to 43.51 EUR up. Both Shares have been already marked a new yearly high. Thyssen Krupp move by 1.7% before to 21.30 EUR. RWE and E. ON, by contrast, continue impacted by the planned budgetary consolidation to fuel tax. For RWE is about 0.4% to 56.23 EUR down E. ON to give 1.4% to  For 23.16 EUR.
German bank made cheaper by 0.7% to 46.86 EUR. That "Handelsblatt writes," must in the course of the regulatory Credit the U.S. subsidiary Taunus may be greater with Capital equip.

DJG / jej / raz / mrf