German equties eased up despite european woes

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Source: Dukascopy Bank SA
© Scanpix/Reuters

German equities inched up on Wednesday despite persistent global economic concerns and pessimistic comments of Mario Draghi. On Tuesday, Mario Draghi stated that the EU economy was still facing difficulties. Uncertainty over Spain and Greece also added pressure on German blue chips. The DAX Index gained 0.04% and is currently trading at 7,237.35. Five out of  nine sectors included in the index rose. The top-performers were health care companies and care makers. Fresenius Medical Care and Fresenius SE & Co advanced 0.35% and 0.86% while Daimler and Volkswagen gained 0.34% and 0.14%. Auto shares were lifted by better sales in China as revenues of Japanese competitors fell due to territorial disputes. On the downside were technology firms, with SAP falling by 1.50% .

 

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Wed, 10 Oct 2012 17:57:06 GMT

European stocks fell on global concerns

On Wednesday, October 10, European stocks extended losses amid deepening the global economic slowdown is deepening, while investors are waiting for highly anticipated meeting of EU finance ministers on Thursday. The Stoxx Europe 600 Index erased 0.55 per cent to 268.71. Germany's DAX Index inched lower 0.41 per cent to 7,205.23 and France's CAC 40 Index lost 0.50 per cent to 3,365.87.

Wed, 10 Oct 2012 14:52:04 GMT

UK shares dipped on global economic weakness

UK stocks dropped on Wednesday as market participants claim that global economic weakness is not reflected by stock valuations that are close to their two-year highs. UK equities also remained under additional pressure after the IMF cut global growth forecast. Moreover, market sentiment was further dampened by uncertainty over when Spain will officially apply for a bailout. The FTSE 100

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