German shares climb as ZEW index beat expectations

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Source: Dukascopy Bank SA
German shares rallied on Tuesday on larger than expected increase in German economic sentiment. German ZEW economic sentiment index improved to minus 11.5 this month, beating expectations of a reading of minus 15.0. Moreover, two German officials announced that the country is open for Spain searching for precautionary credit line. The DAX Index soared 1.31% and is currently trading at 7,356.71. Seven out of nine sectors included in the index advanced. The top-gainers were financials and technology firms. Commerzbank and Deutsche Bank climbed 3.41% and 3.67% while SAP jumped 1.33%. On the downside were telecommunications and auto makers. Deutsche Telekom plunged 0.06%. Daimler and Continental sank 0.16% and 3.08% on news that European car sales plunged to three-year low.


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Tue, 16 Oct 2012 19:14:23 GMT

U.S. stocks extended gains as sentiment improved

U.S. stocks extended gains on Tuesday, lifted by the better-than-expected U.S. economic data and as several major companies reported strong earnings. The Dow Jones Industrial Average advanced 0.9%, to 13,541.72; the Standard & Poor 500 Index jumped 1.01%, to stand at 1,454.65, while Nasdaq 100 futures added 1.14%, to 3,099.34.

Tue, 16 Oct 2012 17:02:20 GMT

UK stocks moved higher on positive German data

UK equities climbed on Tuesday as market mood was improved after German economic sentiment index beat expectations this month. Meanwhile, UK inflation stood at 2.2% in September, the lowest level in almost three years. Currently, market players are anticipating the EU summit due on Thursday. The FTSE 100 Index jumped 0.98% to trade at 5,862.40. All sectors within the index

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