DAX

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
German equities paired gains reaching their highest level in one week prior to U.S. lawmakers resuming discussions to prevent the so-called "fiscal cliff". In addition, investors are becoming more optimistic about the outlook for the Eurozone, as the ECB is taking measures to rebound the euro-area.The DAX index advanced 0.4% to 7,664.54 by 1:55 p.m. in Frankfurt. The gauge has gained 30% this year. Five out of nine sectors in the index edged higher with technology shares increasing the most by 0.94%. Furthermore, utilities and financials posted gains of 0.91% and 0.86%. The largest lenders in Germany, Deutsche Bank and Commerzbank, rallied 1.9% and 1.6% to 33.64 euros and 1.45 euros, respectively, triggering an increase in the financials shares. Bayerische Motoren Werke added 1.5% to 73.81 euros, as CFO Friedrich Eichener announced the company's profit would exceed the last year's profit total. Meanwhile, Lanxess AG and Merck KGaA declined the most by 1.63% and 1.53, respectively.
© Dukascopy Bank SA
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Fri, 28 Dec 2012 09:19:39 GMT

Yen falls to the lowest since 2010 as economy weakens

Japan's currency slid to the lowest level in 28 months as data showed a decline in consumer prices and a slump in industrial output fanning speculation for cash injections to end deflation. The Japanese Yen fetched 86.64 per U.S. Dollar, the lowest level since August 3, 2010, trading at 86.46 at 6:45 London time, down 0.4% from the close yesterday. 

Thu, 27 Dec 2012 17:08:34 GMT

FTSE 100

U.K. stocks increased to their one-week high as U.S. lawmakers are about to resume the budget talks to avert the so-called "fiscal cliff" that might push the nation into an economic recession. The U.S. President Barack Obama is pushing lawmakers to come to a conclusion. The FTSE 100 index added 0.4%, or 22.54 points, to 5,976.72 by 1:39 p.m. in

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