DAX 30 declines as European banks come under pressure

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Source: Marketwatch
German DAX index continued to fall for a second straight session on Thursday on rebounded concerns about the stability of European banks. After slipping 0.9% on Wednesday, German benchmark index extended its drop giving up 0.6% as local banks reported losses and retail industry showed a decline on November. Deutsche Bank AG lost 5.1% and Commerzbank AG dropped 4.2%. Among other decliners was also Heidelbergcement AG giving up 3%, after the company was downgraded by Credit Suisse. 
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Thu, 05 Jan 2012 13:46:04 GMT

FTSE 100 drops 0.7% amid Europe's uncertainty

UK FTSE 100 index gave up 0.7% and was trading at 5,628 on Thursday as several European banks posted losses. Moreover, Financial times reported Spanish lenders might be forced to set aside $65 bn to cover additional provisions on bad mortgages. Next Plc. lost 2.15%, Tesco dropped 2.19% and Vodafone Group declined 2.08%. The index partly recovered in the afternoon

Thu, 05 Jan 2012 13:44:27 GMT

US service industry may have expanded in December

Analysts predict US service industry expanded last month, probably reaching the quickest pace in previous quarter. Economists questioned by Bloomberg expect the Institute for Supply Management's index climbed to 53 in December compared to 52 in November. Analysts also forecast the number of unemployment claims dropped last week.

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