UK equity rallies after holidays

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Source: Dukascopy Bank SA
UK FTSE 100 index rallied on Wednesday as investors returned from two holidays. Growth linked miners and financials supported the index on upside. The provider of alternative investment products Man Group jumped 7.3% after Citigroup upgraded the share from neutral to buy. Banking shares also climbed ahead of ECB key rate decision. The rally slowed down after ECB announced the rate will remain unchanged at 1%. At the moment of writing FTSE 100 trades 1.2% or 64.5 points higher at 5,323. 


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Wed, 06 Jun 2012 16:28:23 GMT

German DAX index edges higher despite flat ECB rate and weaker production data

German DAX index recovered and traded higher on Wednesday as investors hoped for an interest rate cut by ECB. These expectations managed to offset negative effect from weaker German Industrial Production data for April. Index slightly retreated but remained strong after ECB decided to keep benchmark interest rate flat. Banks and car makers rebounded from previous losses. Commerzbank added 1.4%

Wed, 06 Jun 2012 14:04:27 GMT

Sugar fell despite Brazilian harvest delay

Rural commodities were mixed on Tuesday as global economic woes continued to dampen demand perspectives while better weather conditions are likely to boost crops.Wheat was slightly higher as Russia production is likely to fall this marketing season after unfavorable weather conditions in May. Corn managed to add almost 3% as recent fall in corn prices increased its appeal as livestock

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