German shares head for a decline

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Source: Dukascopy Bank SA
German shares slightly decreased, as ThyssenKrupp AG and RWE AG declined and offset hopes for Japanese monetary stimulus launch to accelerate the pace of growth for economic recovery in Germany. The DAX index eased 0.1% to 7,699.95 by 17:00 p.m. in Frankfurt. Five out nine groups in the index edged lower. Commerzbank shares erased 4%, the most in three weeks, pacing losses in the financials group. Furthermore, RWE slid around 2% to 30.10 euros, showing the lowest intra-day price in 6 months. Meanwhile, Volkswagen advanced 1.47%, the most in the index, as the car manufacturer announced its passenger cars brand has achieved a sales record in 2012, mainly prompted by growing demand for the new Golf model. Furthermore, among best performers were also SAP AG and Deutsche Post that added1.19% and 1.16%, leading gains in the consumer services shares.


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Fri, 11 Jan 2013 18:26:03 GMT

Nikkei 225

Japanese equities extended their gains for a third consecutive day after the Japanese government announced a stimulus package of 3.8 trillion yen to recover the nation's economy from recession and 3.1 trillion yen ti boost up investment. In addition, exporters advanced on weakening Yen. The Nikkei 225 rose 1.4% to 10,801.57, gaining 1.1% throughout the week. Sharp Corporation rallied the

Fri, 11 Jan 2013 17:12:07 GMT

U.K. stocks gain on Japanese monetary stimulus

U.K. shares were little changed, sending the FTSE 100 index for its weekly advance, after Japan's government called for more monetary stimulus. The FTSE 100 index gained 0.1%, or 8.34 points, to 6,109.85. All but two sectors in the benchmark index inched higher. International Consolidated Airlines rallied the most in the gauge by 4.9% after UBS AG upgraded its recommendation

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