Live from the floor of the Frankfurt Stock Exchange
Minus 264 points! Greece fear sends Dax plummeting
18.30 Clock: concerns about a Greek default make investors increasingly nervous. The Dax fell on Friday at around 264 points or 2.26 percent to close at 11,413.82 points at the end. Too big are the uncertainties in terms of an increasingly likely appearing Greek exit from the euro zone (“Grexit”), said analyst Christian Henke from securities traders IG.
For the past week of trading so is the Dax fell by 3, 40 percent on the Trading Board. Throughout May, went to the German benchmark index by 0.35 percent down. The index of medium-sized values MDax lost 1.84 percent on Friday to 20 449.60 points and the technology index TecDax was by 1.64 percent to 1692.54 points after.
At the end of the day not a single DAX shares traded in positive territory. Biggest losers were the papers of K + S with a fall of 4.54 percent, followed by Bayer with minus 3.19 percent and Lufthansa with minus 2.85 percent. The MDAX Airbus broke by more than four percent after the aircraft manufacturer had conceded a software error as the reason for the recent crash of his new A400M military transport at Sevilla. The technology index TecDAX gave Manz and LPKF Laser more than seven percent.
After Hours the Dax recovered initially. At 18.30 he stood at 11,457 points
dumping dispute. EU accuses China trickery in solar exports before
16.36 Clock: Chinese companies are trying to estimate the European Commission, to deal with illegal means anti-dumping duties on solar products. The German manufacturer, SolarWorld had presented sufficient evidence in a complaint, the authorities in Brussels said on Friday. In response a full investigation would be launched now.
The process envisages the future to control imported photovoltaic modules precisely from Taiwan and Malaysia. Chinese company suspected of shipping their products in these countries in order to then pass on to Europe with false papers.
The EU had in 2013 agreed punitive tariffs after a long dispute with China and minimum prices in the event of infringement. They are intended to protect the heavily damaged European solar industry against the clearly cheaper competition from China.
wage rates at the beginning of 2.7 percent rose
14.34 Clock: are the wage rates in Germany rose sharply at the beginning. Compared to the first three months of 2014 they laid from January to March by 2.7 percent, the Federal Statistics Office in Wiesbaden announced on Friday. Consumer prices remained virtually unchanged during this period – so that workers benefit from a stronger purchasing power.
The statisticians also considered special payments. Excluding one-time payments or tariff payments, the increase was still 2.4 percent.
But there are big differences between the sectors, as the statisticians explained. Most wages rose accordingly in the first three months with almost five per cent in the mining industry – reason therefore was a one-off payment of 600 euros in March in coal mining. In Hospitality, wages rose also above average by 3.4 per cent – here the introduction of the minimum wage had a reportedly in January from
Clearly lower the wage rates rose according to statistics in the retail -. There the increase was only 0 , 5 percent – or in aviation with 0.4 percent
New worries about Athens – Dax loses 150 points
10.15 clock. The German shares (DAX) ended on Friday shortly after the kick-off trade is plummeting. At 10:15 clock the barometer recorded already 150 points in the red at only 11,512 points.
Furthermore, no solution distinguishes itself from the dispute between the bankrupt threatened Greece and its funders and now also includes the head of the International Monetary Fund (IMF ), Christine Lagarde, a Greek euro exit no longer sufficient. Negotiations on the Athens reform package will continue over the weekend.
The chart of the DAX for Home
perfumery chain Douglas prepares for IPO
09.12 Clock: The perfumery chain Douglas ventures out again onto the trading floor. Later this year, will the Douglas-owner – a holding of funds that are advised by the investor Advent – offer shares on the capital market, the company said on Friday. The owner family Kreke, which currently holds a minority stake, would continue to be shareholders.
When details will be announced at the IPO, a Douglas spokesman said no initially. But they want to “work press ahead.” Recently there had been repeated sale rumors.
Animation: like turning the interest rate screw acts