German stocks hit by terrorism warning, oil price

2nd August 2004, Comments 0 comments

2 August 2004 , FRANKFURT - German stocks eased in early Monday trading as oil prices spiked and markets digested a new warning that the United States may be hit by terrorist attacks. The main Frankfurt index, the DAX, fell 0.6 percent to 3873 and the mid-caps index, the MDAX, slipped 0.3 percent to 4998. The TecDAX declined a more moderate 0.1 percent to 508. The euro rose slightly against the dollar in early Monday trading, changing hands in Frankfurt at USD 1.2053, equivalent to 82.92 euro cents per dol

2 August 2004

FRANKFURT - German stocks eased in early Monday trading as oil prices spiked and markets digested a new warning that the United States may be hit by terrorist attacks.

The main Frankfurt index, the DAX, fell 0.6 percent to 3873 and the mid-caps index, the MDAX, slipped 0.3 percent to 4998. The TecDAX declined a more moderate 0.1 percent to 508.

The euro rose slightly against the dollar in early Monday trading, changing hands in Frankfurt at USD 1.2053, equivalent to 82.92 euro cents per dollar. Friday's European Central Bank (ECB) reference rate had been USD 1.2039.

Traders said the dollar had been pushed down by the high oil price over the weekend and the unexpectedly weaker US economic growth data for the second quarter issued Friday.

DPA

Subject: German news

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