FTSE 100 tumbles on manufacturing production data

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Source: Dukascopy Bank
After dropping 2.3% on Wednesday, FTSE 100 index prolonged losses on Thursday as data showed manufacturing production tumbled by 1% in February, falling below economists' predictions of a 0.1% improvement. Financial shares contributed negatively to index as investors awaited BoE latest policy settings. SBC Holdings declined 1.3% and Standard Chartered lost 1.2%. On the upside Burberry Group added 0.7% on news J.P. Morgan Cazenove upgraded its stock and raised price target. At the moment of writing FTSE 100 trades 0.33% or 19.02 points down at 5,684.75.

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Thu, 05 Apr 2012 13:46:58 GMT

DAX 30 extends losses on Spain concerns

German DAX index sank further on Thursday as increasing Spanish yields weighed on investor sentiment. Volkswagen AG dropped 1.2% as auto related stocks across region plunged. Merck KGaA fell 2% after the drug-maker was downgraded from "outperform" to "neutral" by Exane BNP Paribas. On the upside Adidas AG advanced 1.2% and Deutsche Lufthansa recovered from previous losses, adding 0.8%. At

Thu, 05 Apr 2012 13:17:36 GMT

Nikkei 225 index drops 0.5%

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