DAX index pushed down by financials on Tuesday

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Source: Dukascopy Bank
German DAX index partly erased previous session's gains on Tuesday as negative sentiment regarding Greece long term future spread among investors. Financials contributed to the negative side of index with Deutsche Bank AG dropping 2.6% and Commerzbank AG giving up 1.3%. Deutsche Luft AG fell 2.7% amid Frankfurt strike. ThyssenKrupp AG lost 2.6% after UBS downgraded its stock from neutral to sell. At the moment of writing DAX 30 index trades 0.65% or 45.43 points down at 6,902.59. 

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Wed, 22 Feb 2012 07:30:10 GMT

Greece prepares for riots against austerity measures

Greece is expected to face mass protests against the budget cuts after the country has received 130 billion Euros worth bailout package. At the moment, the government is passing emergency legislation required by the lenders. The country already experienced confrontations after austerity program of earlier bailout and the riots are likely to repeat again on Wednesday as people want to

Tue, 21 Feb 2012 15:22:36 GMT

Indian silver imports to approach 5,000 tons this year

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