Switzerland’s surprise removal of the exchange cap between the euro and the franc had the surprise effect of drastically increasing the cost of importing. Daimler decided to give Swiss buyers a discount to counteract the price increase. Thursday, after further positive data coming from the European Central Bank’s decision, Daimler closed at a record high of 77.27. Friday, Daimler pushed even higher, capping at 79.66. With oil pushing to historical lows car stocks could rise, leading Daimler to close higher still as oil drops below $45 per barrel.
January 26, 2015 – Stock Market News
Switzerland’s surprise removal of the exchange cap between the euro and the franc had the surprise effect of drastically increasing the cost of importing. Daimler decided to give Swiss buyers a discount to counteract the price increase. Thursday, after further positive data coming from the European Central Bank’s decision, Daimler closed at a record high of 77.27. Friday, Daimler pushed even higher, capping at 79.66. With oil pushing to historical lows car stocks could rise, leading Daimler to close higher still as oil drops below $45 per barrel.
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