UK equities moved higher, boosted by banks

Source: Dukascopy Bank SA
UK stocks are trading higher on Tuesday after upbeat reading of German ZEW Economic Sentiment index. The FTSE 100 Index added 0.41% to trade at 6,343.83. Eight out of ten industries jumped. Consumer goods and financials led gains. Associated British Foods and Reckitt Benckiser Group soared 1.71% and 1.58%, while Standard Chartered and Aberdeen Asset Management rose 3.09% and 2.26%. Reckitt Benckiser Group extended its gains after announcing a buyback of six million ordinary shares. Standard Chartered rallied after Morgan Stanley lifted the bank's rating to equal perform from overweight, citing brighter outlook on the bank's Asian operations. Capping the upswing of the UK blue chips, health care and telecommunication companies sagged 1.94% and 0.09%. AstraZeneca and GlaxoSmithKline dipped 0.14% and 0.24% whereas Vodafone Group plunged 2.61% after Bernstein lowered rating of wireless-telecom company to underperform from market perform.
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Tue, 19 Feb 2013 13:13:04 GMT

German stocks climb after ZEW report

German shares are trading in the positive territory after better-than-expected reading of ZEW Indicator of Economic Sentiment. The ZEW Centre of Economic Research reported that its index of German economic sentiment jumped by 16.7 points to 48.2 in February, compared to estimates of a 4.3-point gain. The DAX Index advanced 0.78% and is currently trading at 7,688.09. Seven out of

Tue, 19 Feb 2013 12:04:03 GMT

Hong Kong equities retreat on real estate concerns

Hong Kong shares tumbled for the second consecutive session on Tuesday amid concerns that an increase in property prices will lead to fresh restrictions on the housing market. The National Bureau of Statistics reported that the average home price increased for a fifth month in line in December whereas investment in real estate surged by annualized 16.2%. The Hang Seng

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