UK stocks moved higher on positive German data

Source: Dukascopy Bank SA
© Scanpix/Reuters
UK equities climbed on Tuesday as market mood was improved after German economic sentiment index beat expectations this month. Meanwhile, UK inflation stood at 2.2% in September, the lowest level in almost three years. Currently, market players are anticipating the EU summit due on Thursday. The FTSE 100 Index jumped 0.98% to trade at 5,862.40. All sectors within the index moved higher. The top-gainers were technology firms and financials. Sage Group jumped 2.28% while Lloyds Banking Group and HSBC advanced 4.99% and 1.58%. Miners also soared, with Anglo American, BHP Billiton and Glencore International gaining 0.92%, 0.86% and 0.65%, respectively. At the same time, GKN was the top-loser, slumping 3.63% as European car sales plummeted to the lowest level since 2010.
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Tue, 16 Oct 2012 17:24:24 GMT

German shares climb as ZEW index beat expectations

German shares rallied on Tuesday on larger than expected increase in German economic sentiment. German ZEW economic sentiment index improved to minus 11.5 this month, beating expectations of a reading of minus 15.0. Moreover, two German officials announced that the country is open for Spain searching for precautionary credit line. The DAX Index soared 1.31% and is currently trading at

Tue, 16 Oct 2012 16:40:20 GMT

Hong Kong shares gained on hopes for easing

Hong Kong shares extended their gains on speculation the POBC may ease its policy amid lower inflation. Positive data from the US coupled with stronger US and Asian equities also sent China's stocks higher. The Hang Seng Index gained 0.28% to close at 21,207.07. Seven out of nine sectors included in the index advanced. The top-performers were oil and gas

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