FTSE 100 retreats on US data

Source: Dukascopy Bank
After tumbling 1% on Wednesday, British FTSE 100 index retreated on Thursday trade, driven by financials as investors anticipated news about US jobless claims and governmental data showed British manufacturing activity modestly cooled in February but stayed above 50 indicating expansion. Man Group PLC  jumped 7.5% after posting an increase in funds for the first two months of 2012 to USD 59.5 billion and claiming investor sentiment has become more optimistic since December. At the moment of writing FTSE 100 index is 0.75% or 44.01 points up at 5,915.96. 

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Thu, 01 Mar 2012 15:04:22 GMT

DAX index 0.9% up on car makers and banks

German DAX index appreciated on Thursday supported by carmakers and positive US economic data amid declining Italian bond yields and unchanged nation's unemployment level. Volkswagen AG's brand Audi posted a 69% surge in 2011 profit. Volkswagen's stocks added 1.7% while BMW AG gained 1.5%. Additional upside contribution came from Deutsche Bank AG which climbed 1.8%. At the moment of writing

Thu, 01 Mar 2012 15:49:16 GMT

Coffee and sugar were down, grains were up ahead of March contract expiration

Rural commodities were mixed on Wednesday with advancing wheat and corn and falling sugar and coffee. Sugar manly continued Tuesday's decline as traders tended to cash out from the market on the four month high sugar price before switching to April contracts. However, investors attempt to keep an eye on the Brazilian crop conditions. Coffee also was among losers as

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