Germany's DAX rises above the European equity gloom

lunes 8 de septiembre de 2014 12:30 GYT
 

* European markets hit by Scotland independence concerns

* Euro STOXX 50 falls 0.2 pct, CAC down 0.3 pct

* But Germany's DAX rises 0.1 pct, helped by trade data

* Many traders remain cautious over near term

By Sudip Kar-Gupta

LONDON, Sept 8 (Reuters) - Germany's DAX was the only major European stock market to rise on Monday, as uncertainty over a Ukraine ceasefire and Scotland's independence vote kept investors off balance.

The DAX closed up 0.1 percent higher at 9,758.03 points - still some 3 percent below a record high of 10,050.98 points reached in late June.

The German index outperformed a 0.2 percent fall on the euro zone's blue-chip Euro STOXX 50 index and a 0.3 percent retreat on France's CAC. The UK's FTSE 100 shed 0.3 percent on uncertainty over the Scottish vote.

Traders said the German stock market was propped up by data on Monday that showed a record trade surplus of 22.2 billion euros ($28.72 billion) in July. The data suggested Europe's largest economy could rebound in the third quarter after unexpectedly shrinking in the second.   Continuación...