FTSE 100 drops 0.7% amid Europe's uncertainty

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Source: Dukascopy Bank
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 and was 0.4% down after report showed UK services grew at the fastest pace since August.
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Thu, 05 Jan 2012 14:01:11 GMT

British Pound reaches 15-month high against Euro

UK's national currency strengthened against the Euro on Thursday, reaching the 15-month record high against the 17-country currency after yields on French bonds increased at the nation's first bond auction in 2012. British Pound gained 0.2% and was trading at £0.8271 in London midday. Currently EUR/GBP is trading at £0.8267.

Thu, 05 Jan 2012 13:45:36 GMT

DAX 30 declines as European banks come under pressure

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

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