Global Newsbrokers Stockmarket Service
Frankfurt close at 14:29:00
DAX MODESTLY HIGHER AHEAD OF WALL ST
Thursday, January 13
Modest gains remain in place in
Frankfurt this afternoon as investors
welcome the as-expected decision by
the ECB to keep interest rates on
hold. However, Wall Street is seen
opening lower, while the firmer euro
and oil price are also keeping a lid
on sentiment. The Dax index is up
6.66 at 4,215.48.
But Infineon remains a weak spot after
Q4 earnings of 211m euros
missed expectations and expected sales
of 1.82bn euros were also weaker than
anticipated.
Car stocks are also lower on oil and
currency concerns, with VW, BMW and
DaimlerChrysler under pressure.
However, MAN is firmer after
yesterday's successful 24.2 per cent
stake placing.
Schering is also higher after
reiterating an 18 per cent EBIT margin
for 2006.
Main index