German stocks soared on Monday

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares jumped on Monday after encouraging retail sales data. However, uncertainty over whether Spain will apply for a bailout created pressure on German equities. The DAX Index gained 0.32% and is currently trading at 7,255.36. All but one sector included in the index rose. The top-gainers were technology firms and basic material producers. SAP advanced 1.03% while BASF and HeidelbergCement moved higher by 0.82% and 1.45%. Lenders also gained, with Commerzbank and Deutsche Bank climbing 1.09% and 0.90%. At the same time, telecommunications retreated 0.56%, with Deutsche Telecom sliding 0.82%.
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Mon, 15 Oct 2012 19:50:19 GMT

European stocks edged higher on Monday

European stocks edged higher on Monday, October 15, after better-than-expected U.S. retail sales and hopes that Spain is going to request a sovereign bailout soon The Stoxx Europe 600 Index rose 0.51 per cent to 270.80. Germany's DAX Index edged higher 0.40 per cent to 7,261.25 and France's CAC 40 Index jumped 0.92 per cent to 3,420.28.

Mon, 15 Oct 2012 18:12:21 GMT

UK shares advanced after US retail sales data

UK shares rose after US report indicated that retail sales advanced for the third month in a row. Pushing the UK equities higher, Ernst and Young Item Club stated that UK economy is likely to rebound in H2 of 2012. The Item Club announced that the country's economy will grow by 1.2% in 2013 and by 2.4% in 2014. However,

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