German shares plunge on growing concerns over the Euro-area's debt crisis

Source: Dukascopy Bank SA
European stocks retreated on Thursday amid negative data on the U.S. economy and Draghi's woes over the Eurozone's debt crisis. The DAX Index decreased 0.7%, or 47.16 points, to 7,879.23. The leading sectors were telecommunications and health care that added 2.2% and 1.7%, respectively. Fresenius Medical Care AG & Co KGaA surged 4.1% to 56.25 euros, as the company's shareholders plan to initiate a share buy-back programme. Furthermore, Deutsche Telekom AG rose 2.6% to 8.57 euros on news the operator plans developing a new mobile payment system. E.ON SE closed the top-three performers' list with a 2.5% jump to trade at 14.22 euros, as the energy company found a partner for developing wind farms in the U.S. and Canada. Alongside to that, Heidelberg Cement AG lost 3% to 55.46 euro, pushing basic materials sector into the red zone. Continental AG, an auto and truck parts manufacturing company, plummeted 2.5% to 92.53 euros, despite its plans to invest $20 million in a new factory in Russia. Deutsche Lufthansa AG followed with a 2.2% decline to close at 15.04 euros.


Back to articles

Actual Topics

Fri, 05 Apr 2013 07:06:08 GMT

Platinum dips as investors cut bets for price increase

Precious metals declined amid signs of weakening investment demand. At the same time, precious metals pared losses after the ECB President Mario Draghi said that the monetary policy will remain loose as long as needed. Moreover, disappointing US jobless claims data lent support to the commodity sector. Gold traded lower as holdings of gold-backed ETPs stood at 2,435.35 metric tonnes on

Thu, 04 Apr 2013 15:31:09 GMT

U.K. stocks down on Eurozone's recession woes

U.K. equities declined on Thursday, as the ECB President Mario Draghi said the Euro area's economic recovery may be at risk. In addition, the U.S. jobless benefit claims increased in March. The FTSE 100 Index lost 1% to 6,353.33 points, the biggest two-day decline in nearly five months. Only sector posting gains was basic materials that added 0.5%. Vedanta Resources

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.