UK FTSE 100 gains on BoE stimulus

Source: Dukascopy Bank
UK FTSE 100 retreated from previous loss on Friday as the board of the Bank of England signalled it will boost its cheap lending program to inject money into British firms and households. Banks rallied on cheap loan perspectives with RBS gaining 8.3% and Lloyds advancing 4.4%. Royal Dutch Shell gained 2.3%. Oil shares rose after crude price climbed above USD 84 a barrel. British Sky Broadcasting Group fell 2.9% after its share target price was cut by S&P Equity Research. At the moment of writing FTSE 100 trades 0.4% or 20 points higher at 5,487.2

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Fri, 15 Jun 2012 15:26:47 GMT

German DAX index on hopes for expansionary monetary policy

German DAX index moved higher on Friday as investors prized report from G-20 saying that global central banks are ready to intervene if Greek parliamentary elections signal deeper financial turmoil. Commerzbank provided the main gains for the index adding 3%. Car makers also partly recover from earlier losses. Daimler advanced 1.3% and Volkswagen soared 2.1%. BMW breached the positive trend

Fri, 15 Jun 2012 14:53:48 GMT

U.S. TIC long-term purchases grew less than expected

On Friday, official data showed that U.S. treasury International Capital grew in April less than it was expected. The U.S. Department of Treasury reported that TIC long-term purchases rose to 25.6 billion on a seasonally adjusted basis from 36.0 billion in the month before. Analysts' expectation was that U.S. TIC long-term purchases would increase to 45.3 billion.

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