www.varchev.com

German stocks just hit an all-time high; Swiss shocker helps

Germany’s main stock benchmark jumped to an all-time intraday on Friday, as European stocks got a lift from U.S. stocks trading mostly in positive territory in morning action.

This week’s Swiss shocker has been viewed by many traders as an additional hint that the European Central Bank will buy up government bonds, which ought to help European stocks. The Swiss National Bank on Thursday scrapped its cap of 1.20 francs to the euro.

The DAX 30 DAX, +1.03% briefly rose as much as 0.8% to a new intraday peak of 10,109.57, topping its prior record set in early December, as shown in the adjacent interactive chart. However, the benchmark has pared its gain, to trade up 0.4% at last check, but it still could nab its second-highest close in DAX history.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance