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Home>Germany's DAX 30 index closes at record high as euro stumbles

Germany's DAX 30 index closes at record high as euro stumbles

Germany's DAX 30 index closes at record high as euro stumbles

10/02/2017

Germany's DAX 30 index scored an all-time closing high on Monday after the euro slumped in the aftermath of the chaotic independence referendum in Catalonia. The Frankfurt benchmark ended 0.6% higher at 12,902.65, taking out its previous record close set on June 19. Meanwhile, the euro dropped to $1.1747 from $1.1814 late Friday in New York after more than 800 people were injured in clashes during an independence referendum in Catalonia, which the central government in Madrid has declared illegal. A weaker euro tends to support the German stock index, as its components are highly dependent on exports outside the eurozone.

-Sara Sjolin; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-02-17 1210ET

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