DAX trades higher, driven by financials and car stocks

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Source: Dukascopy Bank
German DAX index posted gains on Friday on news ECB and European officials are progressing in closing agreement with Greece and US issued satisfactory economic data. Financial and car maker shares were the main gainers with Commerzbank AG adding 1.7% and Deutsche Bank AG surging 1.3%. Volkswagen AG jumped 2% after the car manufacturer posted a 1.3% advance in global sales in January. Daimler gained 1.7%. At the moment of writing German DAX is 1.31% or 88.15 points up at 6,840.19.

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Mon, 20 Feb 2012 06:59:20 GMT

Japan trade gap broadened in January

Japan's trade deficit widened in January as slowing global demand and stronger Yen harmed local producer's profits and hindered country's recovery from March earthquake. The trade gap expanded to JPY 1.48 trillion (USD 19 billion) while shipments declined annual 9.3%. Economists questioned by Bloomberg predicted a deficit of JPY 1.46 trillion.

Fri, 17 Feb 2012 15:14:13 GMT

FTSE climbs led by resource shares

British FTSE 100 index traded higher on Friday, lifted by fresh news from Greece debt swap talks and data, indicating US economy keeps accelerating. Resource shares contributed most to the positive side. Anglo American PLC added 1.3% after company posted a 6% decline in net income but claimed it had optimistic long term outlook. Randgold Resources soared 1.8% while Tullow

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