German DAX advances led by car-makers

Source: Dukascopy Bank SA
German shares advanced on Tuesday supported by hopes US consumer confidence is improving amid stabilizing property market. Gains were limited on news China are not preparing a large scale monetary accommodation. Car makers led the gains for German benchmark index. Volkswagen surged 3.3% and Daimler added 2.4%. BMW climbed 2.3%. On the downside Deutsche Telekom dropped 1.2%. At the moment of writing German DAX trades 0.8% or 50 points up at 6,373.10. 

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Tue, 29 May 2012 18:23:02 GMT

Consumer confidence in the US fell in May

Consumer confidence in the US in May broke all the expectations and fell to the 64.9 from 68.7 in April. Although increase to 69.7 was anticipated, the index decreased to the lowest level in four moths. Specialists state that disturbance in the labor market caused such negative outcome. Payroll gains increased at the slowest pace in last six months. Only 15.8% of Americans

Tue, 29 May 2012 15:24:02 GMT

Wheat fell as weather forecasts improved

Rural commodities dropped over last week as weather conditions in the top-growing regions are likely to improve.Wheat lost almost 4% over the last week on speculation that long-awaited rains in Russia and Australia will boost crop prospects.Corn was the top-loser as China plants to increase supplies while worries about the Euro Zone's demand pushed the commodity lower.Sugar extended previous losses

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