German shares flat on Wednesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares stayed little unchanged prior to the U.S. House of Representatives vote to stem the nation's borrowing limit. By suspending the decision on the debt-limit, Republicans aim at meeting other deadlines to seek deeper spending cuts. The DAX index advanced 0.13% to 7,706.46, after earlier advancing as much as 0.4%. Five out of nine groups in the gauge declined with utilities pairing biggest losses of 1.23%. E. ON SE declined the most in the index, as BP expressed its concerns about the nation's plans to close down nuclear plants and expand renewable energy, as that would push higher the power prices and halt the investments inflow in the country. Furthermore, financial shares declined, as Commerzbank AG lost 1.33%, while RWE AG paced losses in the worst performing utility shares. Merck KGaA rose the most in the gauge lifting health care group that rallied 1.56% and SAP AG added 2.1% after forecasting its full-year operating profit for 2013 to increase by at least 12%.
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Thu, 24 Jan 2013 08:38:06 GMT

Yen declines on China's manufacturing, N. Korea's test of nuclear weapons

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Wed, 23 Jan 2013 16:17:05 GMT

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