German shares edge up to one-month high, PostNL surges

lunes 30 de mayo de 2016 08:38 GYT
 

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details) Updates prices)

* Germany's DAX index hits one-month high

* Volumes thin as UK, U.S. markets shut

* PostNL shares advance 3.4 percent

By Atul Prakash

LONDON, May 30 (Reuters) - German stocks climbed to a one-month high on Monday as investors bet the euro's weakness against the U.S. dollar would help German exporters.

The DAX was up 0.4 percent by 1212 GMT as the euro fell to a 2 1/2-month low, after Federal Reserve Chair Janet Yellen said on Friday the Fed should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.

Some analysts said the market would keep a close eye on economic indicators for the market's direction in the near term.

"... The pulse for this argument is very much dependent on the economic data," said Naeem Aslam, chief market analyst at Think Markets. "If the economic data doesn't confirm that the economy is in a shape to withstand another rate hike, then traders may just reverse their positions."   Continuación...