DAX Near Record High As Part of Global Rally

European shares dipped on Wednesday, pausing after a two-month rally that propelled a number of indexes to multi-year peaks as investors awaited confirmation of further stimulus from the ECB before chasing the market higher.

Shares in Mediaset featured among the biggest losers, down 5.7 per cent after the Italian television company posted a net loss in the first quarter. Compass surged 5 per cent after the world’s biggest catering firm said it would return 1 billion pounds ($1.68 billion) to shareholders through a special dividend.

At 0750 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 per cent at 1,366.93 points, after hitting a six-year high in the previous session. Germany’s DAX gained 0.04 per cent, hovering just below a record high hit in January. European stocks have been lifted by expectations of fresh measures from the European Central Bank to keep inflation from staying too low.

via Economic Times

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza