German shares extend losses as dismal GDP reading weighs

Source: Dukascopy Bank SA
German stocks are trading in the negative area on Friday as market sentiment remained under heavy pressure after dismal GDP reading on Thursday. German economy contracted 0.6% in the final quarter of 2012, while analysts expected GDP to shrink by 0.5%. However, losses were capped by upbeat reading of the Eurozone's trade balance. The trade balance of the Eurozone unexpectedly rose to EUR12 billion in Q4, compared to estimates of decline to EUR10.7 billion. The DAX Index lost 0.10% and is currently trading at 7,623.99. Only three industries managed to advance. Consumer services and health care companies were the best performers. Deutsche Lufthansa jumped 0.91%, while Fresenius Medical Care AG went up 1.02%. Pushing the DAX Index lower, telecommunications tumbled 2.22%. Shares of Deutsche Boerse declined 1.04%, while Deutsche Telekom plunged 2.12%.
Back to articles

Actual Topics

Mon, 18 Feb 2013 08:56:05 GMT

Platinum drops on fears of Eurozone's recession

Precious metals plunged on Friday amid speculation that the Fed may stop its easing measures soon. The Fed Chairman Ben Bernanke stated at the G20 meeting that despite high unemployment the US economy is recovering. Adding pressure, Ben Bernanke's comments sent the US Dollar higher. Gold finished the week on the negative note on concerns that the Fed may end its

Fri, 15 Feb 2013 14:29:04 GMT

UK stocks decline ahead of G20 results

UK equities are trading lower on Friday as market players are cautious before the outcome of a G20 meeting. Pushing shares lower, UK retail sales unexpectedly declined last month. Retail sales slumped 0.6% in January, compared to a forecast of a 0.5% increase. The FTSE 100 Index slid 0.07% to trade at 6,322.92. Four industries climbed, with technology and telecommunication

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.