FTSE 100 index 0.3% up on GlaxoSmithKline deal

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Source: Dukascopy Bank SA
UK FTSE 100 index edged higher on a choppy trade on Tuesday led by GlaxoSmithKline and miners. Moreover data showed UK's annual industrial output contracted for a 14th straight month in April. Rio Tinto and BHP Billiton partly rebounded from yesterday's drop, adding 1.2% and 1.5% respectively. Pharmaceutical giant GlaxoSmithKline gained 0.6% on news its subsidiary Stiefel will acquire prescription drug Toctino from Basilea Pharmaceutica. At the moment of writing FTSE 100 is 0.3% or 18 points up at 5,450.

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Tue, 12 Jun 2012 16:01:12 GMT

DAX index higher despite surging Spanish borrowing costs

German DAX index traded higher on Tuesday, as investors sentiment was lifted by hopes the Federal Reserve may propose measures to stimulate economy. The gains however, were limited as Spanish borrowing costs continued to climb and reached 6.73%, a record high since November 28. For almost every stock that gained, two posted a drop within the index. Semiconductor provider Infineon

Tue, 12 Jun 2012 18:57:39 GMT

U.K. stocks gain on miners

U.K. markets edged higher during a choppy session this Tuesday on the growth of miners. The FTSE 100 index rose 0.5 per cent to 5,461.78, while Barclays retreated 1.7 per cent and Lloyds Banking Group PLC slumped 1 per cent.

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