DAX surges on German manufacturing data

Source: Marketwatch

German DAX Index extended gains for the second straight session and traded 1.1% up at 6,141.84 after statistics showed the number unemployed in December fell more than predicted. Car makers led the gains in German benchmark index. Daimler AG surged 2.2%, BMW AG climbed 2.8% while Volkswagen AG added 2.2%. 

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Tue, 03 Jan 2012 16:01:26 GMT

Commodities rally decreasing recession concerns

Commodities approached one-month high as economic indicators from China, the US and Germany returned confidence in the market. The Standard & Poor's GSCI Index added 1.7 % to 655.63. Manufacturing data from China signaled expansion, Germany saw a decrease in jobless rate while the US factory output is expected to post gains.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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