The Frankfurt Stock Exchange’s DAX benchmark has rebounded sharply from Monday’s sale, trading nearly 2% higher. Despite prolonged concerns about the Fed’s policy outcomes and speculation about Evergrande’s default scenario, bailout rallies appear to be widespread and are now down from the previous day’s closing price. There are only three scrips.
The 40 Script Index is currently trading at 15363.69, up 1.90% from the previous closing price. Trading on that day was in the range 15138.13-15370.13.
At current levels, DAX is 4.15 percent lower than the 52-week high of 16028.60.
Online meal kit provider HelloFresh is the lead scrip, up 3.81%, followed by automaker Porsche Automobil Holding, up 3.69%.
Online fashion and lifestyle retailer Zalando fell 1.17 percent. Online food delivery service delivery hero and real estate developer Deutsche Wohnen have also declined, but are trading almost flat.
insurance jobs Allianz surpasses the volume chart with sales of € 1.05 million.
The index is currently trading at a 37: 3 up-to-down ratio.
The EURUSD pair is hovering at the 1.1734 level compared to 1.1725 the day before.
In anxiety prior to the announcement of the Federal Reserve Board’s tapering timeline, the 10-year Bund yield was -0.3160 percent compared to -0.3150 percent the day before.
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DAX bailout rally and evergrande default during twin fears of Federal Reserve policy
Source link DAX bailout rally and evergrande default during twin fears of Federal Reserve policy