DAX

Source: Dukascopy Bank SA
© Dukascopy Bank SA
German equities slumped as investors expected further developments in the budget talks. The U.S. President Barack Obama summoned the lawmakers to a White House meeting three days prior to a budget deal deadline to decide on a plan to avert the so called "fiscal cliff". The DAX index slid 0.7% to 7,604.53, showing a weekly drop of 0.4%. The gauge has advanced 29% so far this year. All sectors in the index edged lower. Allianz SE and Commerzbank led losses in insurance and financials sectors, as their shares fell 1.6% to 104.20 euros and 1.5% to 1.44 euros, subsequently. Financials group decreased 1.3%, followed by consumer goods sector with a 0.36% drop. The Germany's largest steel maker extended its losses by shrinking 1.3% to 17.71 euros. Among best performers were Henkel AG, Beiersdorf and Merch that gained 1.25%, 0.955 and 0.26%, subsequently.


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Mon, 31 Dec 2012 16:46:48 GMT

Wall street rose on Monday as fiscal cliff talks continue

U.S. stock futures went up on Monday snapping a five-straight-day losing streak, as talks to avert the $600 billion tax increases and spending cuts between the White House and legislators continued in Washington. The benchmark S&P 500 index futures added 3 points on Monday after recording a fall of 1.9% last week, while Dow Jones Industrial average futures rose 25

Fri, 28 Dec 2012 17:41:37 GMT

FTSE 100

U.K shares inched lower as Barack Obama and the U.S. lawmakers appointed a session on December 30 to discuss steps to halt the automatic tax increases and spending cuts in the year 2013. The FTSE index dropped 0.6%, or 37.94 points, to 5,916.36 by 1 p.m. London time. However, the gauge has advanced 6.2% this year, as the ECB launched

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