DAX 30 rebounds on German confidence report

Note: This section contains information in English only.
Source: Marketwatch

After experiencing loss on Monday, German DAX index opened flat at 5,808.88 on Tuesday morning. However, German benchmark recovered sharply after ZEW reported that investor confidence index for December was higher than expected. Auto producer Volkswagen AG gained 1.6% after the company presented 15% increase in November sales on yearly basis while BMW AG added 1.9%. Adidas AG and Deutsche Telekom climbed 1.51% and 1.31%, accordingly. German financials, however, remained on the downside with Commerzbank losing 2.77% and Deutschebank edging down 1.26%.

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Tue, 13 Dec 2011 17:46:50 GMT

FTSE 100 on upward trend

British benchmark index FTSE 100 recovered on Tuesday on better-than-expected German investor confidence data. During the afternoon trade FTSE 100 climbed 0.94% or 50.8 points to 5,478.66. On the upside the index was boosted by mining and energy companies, as Petrofac Ltd. gained 6.19% and Essar Energy added 3.19%. Randgold LTD ascended 1.95% while Royal Dutch surged 1.97%. On the downside was Whitbread PLC

Tue, 13 Dec 2011 17:44:27 GMT

Dow Jones finishes lower

On Monday Dow Jones Industrial Average lost 1.34% or 162.87 points and closed at 12,021.39. 28 out 30 blue chip index companies experienced losses. On the downside were Bank of America Corp. which plunged 4.7% and Intel Corp. which gave up 4% after the company reduced its profit outlook for the 4th quarter. Caterpillar declined by 2.84% and Alcoa Inc. dropped by 3.01%. Art

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