Monday 25 November 2013

Post-Iranian deal optimism


Dax hits another high
Another day, another record high on the German stock market.
The wave of post-Iranian deal optimism pushed shares higher in Frankfurt, with the DAX index up 0.7%, or 62 points, to an all-time high of 9281.
Other markets are also gaining, as Monday gets off to an upbeat start.
Encouraging risk taking in global markets
Airline shares are leading the charge -- they're an obvious benefactor from the lower oil price.
IAG, parent company of British Airways and Iberia, are up more than 3%, with Easyjet close behind.
Energy firms, though, are leading the fallers with oil exploration firm BG Group down 1%. Randgold's down almost 2%, tracking the drop in the gold price overnight.
FTSE 100: up 29 points at 6703, +0.44%
French CAC: up 18 points at 4297, +0.43%
Spanish IBEX: up 30 points at 9,707, + 0.3%
Italian FTSE MIB: flat
Source: theguardian

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