Exchange on the evening – fears about Athens and Spain push prices
concerns of an escalation of the euro debt crisis and economic slowdown in China have brewed the stock losses. The Dax was down by 1.9 percent. Bank stocks lost a much.
finished the commercial start of the week at 6451 meters. He took it back on track towards its lowest position since the end of January, which was highlighted in the previous week. The MDAX 
of the medium-sized values lost 1.8 percent on Monday to 10 363 points, and the TecDAX lost a 1.4 per cent to 771 points. U.S. stocks traded on the end of trading in Germany also in the negative: Jones Nasdaq Nasdaq Composite Index lost 0.9 percent, the S & P 500 went to 1.0 percent down.investors doubt Spain
The auction of new Italian and Spanish bonds reflected the increasing again doubt the power of investors in the reform countries. For a Spanish paper and twelve-month for Italian bonds with a three-year period, the Minister of Finance to pay higher interest rates than last. “The risk that comes out of Greece to the euro, there is. And that should happen, rises again, the danger of contagion for countries like Italy and Spain, “said ING strategist Alessandro Giansanti. The nervousness of investors was very high, it was on the market.
Ulrich Leuchtmann, currency expert at Commerzbank, wonders, especially if Europe may relax the requirements for saving the Greek. He is expecting a tough stance, which the fear of leaving Greece should stay out of the monetary union.
One of the uncertainties about the further development of the European debt crisis worries came to China. The central bank had eased over the weekend once the reserve requirements for commercial banks. So the banks more leeway is granted for lending to the economy continues to stimulate. The third reduction of the reserve within six months, the Fed responded clearly to the weaker than expected economic data in recent days.shareholders sell bank stocks
Europe suffered from bank stocks. In Germany lost the title of the Deutsche Bank 4.12 percent Commerzbank papers fell 2.70 percent. The The price of Infineon shares fell by to 3.35 percent. They suffered from the fact that CEO Peter Bauer is the end of the current fiscal year, retire for health reasons from the Board. The shares of slipped after Citigroup to a study from 3.81 percent. Minus 5.10 percent at 36.58 euros, the papers of HeidelbergCement Dax weakest value. So they made as deep as last January.
The leading European copper company Aurubis surpassed his numbers for the second fiscal quarter of the market expectations. This propped up the stock, which remained stable with an increase of 0.09 percent as the third most important value in the MDAX. For went in SDax to 5.79 percent up. The ailing DIY chain has found a new investor, and build the business even stronger than previously planned.
€ drops to $ 1.28
The German bond market fell, the average yield of listed Federal securities of 1.23 percent to 1.17 percent on Friday. The course of the € fell: The European Central Bank (ECB) set the reference rate at 1.2863 (Friday: 1.2944) dollars. The dollar cost to 0.7774 (0.7726) €.
