DAX

Source: Dukascopy Bank SA
© Dukascopy Bank SA
German stocks traded higher on Friday, as data showed German confidence rose more than expected. The German business climate index advanced from 104.3 in January to 107.4 in February. The DAX index surged as much as 1.03% to close at 7,661.91. All but two sectors in the gauge soared. The telecommunications and utility stocks jumped the most. The latter group was supported by E. ON SE that surged 2.35%. Allianz SE shares added 2.4%, pacing gains in financial sector that was 1.3% higher. Meanwhile, Bayer AG inched 2.4% higher and lifted health care group that added as much as 0.8%. Among top losers were Volkswagen AG to drag down consumer goods group that erased as much as 1.4% and Infineon Technologies that slid 2.7%, adding to losses in technology shares that were 0.11% down.
© Dukascopy Bank SA
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Mon, 25 Feb 2013 09:15:07 GMT

Palladium advances on persistent supply concerns

Precious metals except for platinum traded higher on Friday on hopes that the Fed will refrain from ending its bond-buying activities sooner-than-planned amid soft US data. However, solid greenback put pressure on the commodity complex. Gold inched up on expectations of strong physical demand from central banks in Asia. At the same time, the yellow metal came under heavy pressure

Fri, 22 Feb 2013 19:53:05 GMT

FTSE 100

U.K. equities climbed after a report showed that German business confidence topped the estimates. The FTSE 100 Index rebounded from earlier losses and advanced 0.5%, or 31.77 points to 6,323.31, yet posting a 0.1% drop on the week. All but one group in the gauge edged higher. Polymental International gained 3.3%, the most in the benchmark index, and capped losses

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