German equities down as Commerzbank shares fall unexpectedly

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German equities fluctuated between gains and losses close to their highest level in five years, yet declining 0.4% to 7,954.79 by 5:09 p.m. in Frankfurt. Five out of nine groups in the index retreated. However, consumer services jumped 2.8% for the biggest advance in the index lifted by Deutsche Lufthansa AG shares that were 3.3% higher. This week Lufthansa's pilots picked up the first Airbus A320 equipped with extended wingtips also known as sharklets that are designed to curb fuel consumption. It is projected that the new equipment will help to reduce CO2 emissions by around 1000 tons per one aircraft in a year. Furthermore, Linde AG inched up 1.4% to cap further losses in basic materials. On the downside, Commerzbank AG tumbled 3.3% after earlier gaining 3.1%, as report was released saying the German lender has mandated Deutsche Bank and UBS to increase their capital by 10%. RWE AG followed with a 2% slump.


Back to articles

Actual Topics

Tue, 12 Mar 2013 18:56:04 GMT

Treasuries higher before upcoming sales

On Tuesday, Treasuries were gaining, as investors were attracted by 11-month high yields before upcoming sales of bonds and notes. The yields on 10-year Treasury bonds fell by 4 basis points, reaching a level of 2.02% by 11:11 a.m. in New York. Previously, they hit a level of 2.08%, which was the highest since April.

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.