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GERMANY: Stock exchange opens on positive territory

DAX in better territory after positive opening of Frankfurt stock exchange. European shares rose on Monday (August 20) led by miners and financials in an extended rebound amid relief provided by the U.S. Federal Reserve's discount rate cut on Friday, which also boosted U.S. and Asian stock markets. The German index DAX opened on positive territory with 0.4 per cent up at 7.410 points. Equity analysts at German bank Helaba said this week's corporate diary contained mainly quarterly results from second- and third-tier companies, which meant that investors would focus on macro-economic data. The expectations component of the German ZEW investor sentiment index, due for release on Tuesday, would be interesting, Helaba said, adding that U.S. economic data would also determine the tone.

ITN Source | August 20, 2007Watch more videos from ITN Source

Tags:. .second. .markets. .corporate. .points. .shares











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