German stocks decline ahead of key US data

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares dropped on Wednesday amid worries that US lawmakers will fail to reach a consensus on looming tax hikes and spending cuts till the end of December. Meanwhile, traders were also cautious ahead of the key US data due on Thursday. The DAX Index tanked 0.39% and is currently trading at 7,304.00. All but one sector included in the index slid. The only gainer was consumer goods sector, with Henkel advancing 0.88%. Dragging German blue chips index lower, utilities and consumer services dipped 1.08% and 0.93%. RWE and E.ON sagged 1.32% and 0.94%, while Deutsche Lufthansa slumped 0.93%.


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Thu, 29 Nov 2012 08:05:21 GMT

Greenback stays lower ahead of T. Geither's meeting with congressional leaders

The greenback traded 0.5% from the lowest level this month against the Euro ahead of Treasury Secretary Timothy F. Geithner's meeting with congressional leaders to discuss the fiscal cliff. The U.S. Dollar was at $1.2946 per Euro at 6.33 a.m. in London from $1.2953 in New York yesterday. It fetched $1.3009 on November 27, the lowest level since October 31. 

Wed, 28 Nov 2012 16:57:17 GMT

UK stocks move lower on US fiscal worries

UK shares dipped on Wednesday on concerns over upcoming US fiscal cliff. Moreover, weakness in the US and Asian stocks pushed European shares lower. However, upbeat US data coupled with recent positive UK GDP reading restricted the downward trend. The FTSE 100 Index sagged 0.19% to trade at 5,788.63. Four in ten sectors climbed. On the upside, United Utilities Group

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