FTSE 100 fluctuates on Thursday

Source: Dukascopy
British stocks gained on Thursday after Bank of England decided to keep its key interest rate unchanged and ECB announced the cut of its lending rate. Main supporters for UK's benchmark FTSE 100 were tobacco producers and telecommunications firms. British American Tobacco PLC added 1.7% while BT Group PLC and Vodafone Group PLC ascended 1.6% and 1.4% respectively. Nevertheless, after Draghi's statement that ECB will not buy extra debt of troubled European countries, index slumped 0.81% to 5,499.68.

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Thu, 08 Dec 2011 18:53:18 GMT

CIBC and Scotiabank to provide top incentive pay

Canadian Imperial Bank of Commerce and Bank of Nova Scotia this year had the biggest jump in incentive compensations among six top banks in Canada as record profits created 6.9% surge in bonuses. According to reports, Canada's leading banks in total put aside $9.39 bn for incentive yearly compensations or about $0.5bn more than last year.

Thu, 08 Dec 2011 16:40:23 GMT

German DAX drops on Draghi announcement

On Thursday German stocks experienced sharp decline after ECB President Mario Draghi said the bank will not boost sovereign debt purchases. Germany's benchmark index DAX 30 fell for a third day in a row losing 1.1% to 5,927.27 in Frankfurt afternoon trade. Main downside contribution was provided from German financials as Commerzbank AG and Deutsche Bank AG gave up 5.3% and 1.6%, respectively. Automakers also declined with

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