Germany's main stock index reached
a record high on Monday, buoyed by a pandemic recovery package agreed in the US and Britain's Brexit deal with the EU.
The German stock market reached an all-time high on Monday. With 8626.11 points the blue-chip stock market index, the DAX, passed its previous high recorded in May this year.
German media giant Bertelsmann said Thursday it will cut its stake in Luxembourg-based television and broadcasting giant RTL by selling shares on the stock exchange.
The stock market index DAX, which represents Germany's 30 biggest companies, felt the sting of Europe's economic fears on Monday, when it dropped below 6,000 points for the first time in five months.
German stock market operator Deutsche Börse said on Monday it would challenge a European Union veto against a merger with NYSE Euronext that would have created the world's largest exchange operator.
Deutsche Börse, which runs the Frankfurt stock market, said Wednesday that the EU Commission in Brussels had told it that its planned merger with NYSE Euronext has been blocked.
The proposed merger of Deutsche Börse and NYSE Euronext, which would create the world's largest market operator worth over $17 billion (€13 billion) is in trouble, a senior executive was reported as saying on Thursday.
The European Central Bank joined monetary authorities around the world on Wednesday in a concerted effort to reduce strains on the financial markets and boost lending to businesses and consumers.
Stock market operators NYSE Euronext and Deutsche Börse said Friday they would sell parts of their derivatives activities in a bid to gain approval from EU Commission for their merger.
Germany’s DAX stock index plunged nearly six percent on Thursday, suffering its worst decline since November 2008 amid growing economic concerns on both sides of the Atlantic.
China is buying into the indefatigable German reinsurance giant Munich Re, raising its stake to 3 percent and prompting speculation about its future aims.
Germany’s DAX stock index on Monday dropped to its lowest level in nearly a year on investors' fears about the downgrading of the US credit rating and the eurozone debt crisis.
Shareholders controlling more than 80 percent of German stock market operator Deutsche Börse approved Thursday a merger with NYSE Euronext to create the world's biggest stock exchange.
NYSE Euronext shareholders approved Thursday a merger with Deutsche Börse to form the biggest stock exchange operator in the world valued at some $25 billion (€17.4 billion).
German stock exchange operator Deutsche Börse insisted Friday its mooted merger with the New York Stock Exchange was the better deal after a rival bid emerged from Nasdaq and ICE.
Deutsche Börse and NYSE Euronext said on Wednesday they are in "advanced discussions" to merge and create the world's largest stock exchange operator by revenues and profits.
Nearly half a million people in Germany turned their backs on share ownership during the second half of 2010 in what experts fear is a declining faith in the stock market.
Germans paid dramatically less in capital gains taxes on income such as bank interest, share dividends and share sales last year than previously, prompting fresh debate about the tax code.
German financial market confidence surged this month as investors welcomed strong industrial orders, low interest rates and positive US data, the ZEW research institute said Tuesday.
Commerzbank, the second-biggest German bank, said on Thursday it would raise its capital by 10 percent to strengthen core capital in line with tougher international regulations.
Germany's DAX index of blue-chip stocks hit 6,405.30 points early on Wednesday, a level last seen two years ago before the collapse of the US investment bank Lehman Brothers.
