DAX

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
German shares advanced to their highest level in more than eighteen months amid positive economic data on Germany's factory orders and speculation the Republicans will agree on raising taxes in the next year's budget plan. Europe's largest economy's factory orders jumped 3.9%, instead of the forecast 0.9%, on strengthening foreign demand. The DAX Index rallied 0.9% to 7,524.23 prior to ECB's decision to leave the benchmark interest rates unchanged. All but one sector within the index surged with Basic Materials adding up 2.16%, Consumer Goods surging 1.15% and Health Care sector increasing 0.90%. The only sector that shrank was Telecommunications with a 0.6% decrease. Bayer AG was the best performing company by advancing 3.56% as the nation's largest drug maker applied for permission to use one of its medicines to treat a new eye condition. Meanwhile, ThyssenKrupp soared 2.7% to 16.43 euros, as it dismissed three top executives in an attempt to fix the boardroom associated with corruption allegations and failure to expand in the Americas. Beiersdorf surged 1.9% as the Nivea skin cream maker increased its year sales estimates for the second time in a month. Only four companies dropped with shares of RWE AG tumbling the most, down 1.47%. The company inched lower to 31.82 euros.


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Thu, 06 Dec 2012 17:28:03 GMT

Swiss jobless rate stays unchanged in November

The data released by the State of Secretariat for Economic Affairs showed Swiss jobless rate stayed unchanged in November after advancing marginally the month before. The seasonally adjusted unemployment rate was at 3% staying in line with analysts' forecasts. The rate increased from 2.9% in October to 3.1% in November on adjusted basis.  The number of people registered as jobless

Thu, 06 Dec 2012 17:38:37 GMT

FTSE

European shares gained on rising optimism the U.S. lawmakers will reach consensus on the new budget. However, ECB forecasts for 2013 might be a threat for the stock market, as Draghi said he expects a slowdown in the pace of economic growth in the Eurozone next year. The ECB left the interest rate unchanged a record low level of 0.75%.

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