DAX lower on Merkel's objections against Eurobonds

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Source: Marketwatch
© Scanpix/AFP

Germany's benchmark DAX 30 kept downward trend on Friday giving up 0.7% to 5,388.77 as German Chancellor Merkel strictly rejected issuance or common bonds as possible solution for debt crisis. Banks and auto makers made most negative impact on the index. Commerzbank AG and Deutsche Bank AG each dropped 1.6% and 1.3% respectively while Volkswagen AG lost 2.6%. DAX index is following downward path since November 11.

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Fri, 25 Nov 2011 14:03:20 GMT

Russian Urals oil prices rise on uncertainty over Iran

Prices for Russian Ural oil increased this week on the tensions between Iran and Western countries which fear they will cease Iranian oil imports. The UK and Canada already imposed financial sanctions on Iran, France proposed banning Iranian crude oil imports across Europe. The countries protest against Iranian nuclear program.

Fri, 25 Nov 2011 14:06:39 GMT

FTSE 100 falls on European officials' announcements

After closing lower on Thursday at 5,127.60, UK's benchmark index FTSE 100 extended its losses during Friday trade dropping 0.8% to 5,088.29. BHP Billiton PLC and Rio Tinto PLC were among main decliners both giving up 1.8% after metal prices declined. The drop in FTSE 100 is closely linked to overall drop in European markets as Angela Merkel rejected issuance of Eurobonds and Hungary was

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