FTSE 100 erases morning gains and declines during Tuesday session

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Source: Dukascopy Bank
FTSE 100 index erased morning gains and strived lower on Tuesday as miners and banks weighed down on the index as metal prices tumbled. Compass Group fell 1.8% after Morgan Stanley cut the company's rating from overweight to equal weight. Bunzl dropped 0.9% on news Bank of America Merrill Lynch lowered the stock from neutral to underperform. On the upside Aberdeen Asset Management rallied 3% as Morgan Stanley increased the price target from GBP 2.60 to GBP 3.14. At the moment of writing FTSE 100 trades 0.27% or 16.14 points lower at 5.858.72.

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Tue, 03 Apr 2012 13:32:30 GMT

German DAX pushed down by banking shares on Tuesday

German DAX index edged slightly lower on Tuesday pushed down by banks in a rather calm, low volume session. Drug producer Bayer AG added 0.6% after company said it received positive results in its third phase of cancer drug trial. K+S AG swung between gains and losses after Nomura lowered the stock from neutral to reduce. Heavyweight Deutsche Bank and

Tue, 03 Apr 2012 16:40:09 GMT

Australia's retail sales missed expectations in March

Australia's retail sales improved less than initially expected in March, according to Australian Bureau of Statistics. Australian retail sales increased by 0.2% on a seasonally adjusted basis as compared to a 0.3% gain in February.  Experts had predicted the retail sales to advance by 0.3% in March.

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