German stocks climb on upbeat Lufthansa results

Source: Dukascopy Bank SA
© Scanpix/Reuters
German stocks moved higher on Wednesday on positive data from the national economy. German retail sales soared 1.5% versus forecast of a 0.4% increase in September. However, an unexpected rise in the eurozone's jobless rate capped the upswing of the German blue chips. The DAX Index jumped 0.54% and is currently trading at 7,323.99. Seven out of nine sectors included in the index gained. Consumer services sector advanced the most, boosted by a rally of Deutsche Lufthansa. Deutsche Lufthansa surged 6.83% after posting a 6.2% rise in Q3 operating profit as cost-saving measures helped the airline to increase earnings. Sending the DAX index lower, basic materials and health care both lost 2.20%. Lanxess and Linde slumped 0.59% and 0.46% while Fresenius Medical Care and Fresenius SE & Co dropped 3.40% and 1.89%.


Back to articles

Actual Topics

Wed, 31 Oct 2012 16:26:00 GMT

Canada GDP grows less than expected in August

Canada's economic activity advanced at a weaker-than-expected pace in August, Statistics Canada showed on Wednesday. Canada's GDP posted a 1.2% growth, compared to a 1.9% increase in July. Economists had forecast a 1.7% rise. On monthly basis, GDP declined 0.1%, quite below expectations of a 0.2% expansion.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.