FTSE 100 index retreats on Bernake's signal

Source: Dukascopy Bank
UK FTSE 100 Index recovered from two day losses on Thursday as Federal Reserve said it will keep its key interest rates low for longer time period amid signalling about possible additional asset purchases. UK benchmark index rallied 1.1% to 5,788.11 in London day trade, led by resource and financial stocks. Vedanta Resource jumped 7.7%, Rio Tinto gained 5% while Lloyds Banking surged 6%. At the moment of writing FTSE 100 is 1.26% or 72.27 points higher at 5,795.27. 

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Thu, 26 Jan 2012 16:32:46 GMT

DAX index rallies on Fed decision

German DAX Index retreated on Thursday on the positive news from Federal Reserve and on investor hopes Greek debt talks will soon resume. German benchmark added 1.5% to 6,516.48 and extended upward trend later in the day. All  9 sectors within the index posted gains, driven by consumer services and utilities. Industrial component producer Thyssenkrupp AG rallied 4.9%, while trading

Thu, 26 Jan 2012 15:39:15 GMT

Industrial metals supported by falling LME inventories

Industrial metals soared amid depreciating US Dollar and decreasing inventories at the LME warehouses. Moreover, ABN AMRO expects nickel, zinc and aluminum to edge up in the Q1 of 2011. Base metals also continued to feel strong backup from the inspiring industry data from the US and the EU. However, the positive trend may be impacted by the growing concerns

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