FTSE 100 stays on positive trend

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Source: Dukascopy
© Scanpix/AP
FTSE 100 index closed higher on Monday gaining 2.9 points or 148.11 points to 5,312.76, reflecting investor optimism towards European officials' ability to solve debt crisis. On Tuesday, however, FTSE 100 index opened slightly lower mirroring worries as S&P rating agency threatened to downgrade French AAA rating. During the day index regained 0.2% to 5,325.03, led by mining and financial companies. Randgold Resources Ltd. added 2.6% after stumbling yesterday while Barclays PLC and Prudential PLC surged 1% and 1.3% respectively. At the moment of writing index trades flat.

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Tue, 29 Nov 2011 15:42:17 GMT

German DAX boosted by financials

German DAX 30 Index followed its British peer and opened 0.4% lower on Tuesday morning after sharp gains during Monday trade. Weaker opening was mainly caused by anxiety that S&P rating agency said it may cut credit rating of France. During the day session the index recovered and climbed 1% fuelled by financial institutions. Insurer Allianz SE gained 2.8% while Commerzbank AG added 2.3%. Among

Tue, 29 Nov 2011 15:56:28 GMT

India wins $10bn Afghanistan mining contract

A consortium of companies in India won a right to develop iron ore deposits in Afghanistan, according to Afghanistan mining ministry. The consortium represents seven companies that have won $10.3bn contract to develop three mine sites in Afghanistan. Officials claim the deal is going to be the largest foreign investment project in Afghanistan.

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