DAX

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German shares dropped on falling exports from the largest economy in Europe and declined factory orders. In addition, investors also held back, waiting for the fourth-quarter earnings session in the U.S. The DAX index declined 0.4% to 7,705.14. The index has still advanced 1.2% this year. Telecommunications and health care were the only sectors advancing in the gauge by 0.7% and 1%, respectively. Beiersdorf, the Nivea skin cream maker, advanced 2.7% to 62.50 euros after Homura Holdings increased the price target for Beiersdorf from 60 euros to 70 euros, capping losses in the consumer goods sector. Meanwhile, Lanxess led basic materials lower by dropping 3%, followed by Bayerischen Motoren Werke that erased 2.9%. Furthermore, Munich Re slipped 1.8% after Merrill Lynch unit at Bank of America downgraded its rating from neutral to underperform. The biggest re-insurer in the world trigerred a 0.25 % decline in the financials sector.

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Wed, 09 Jan 2013 07:51:06 GMT

Australian Dollar struggles to appreciate further on retail sales data

The Australian Dollar, also called the Aussie, was unchanged at $1.0503 in the end of Sydney trading session on Wednesday. The Aussie halts its gain after a three-day appreciation period, when increased by 0.4%. Today, the Australian Dollar struggles, as the government announced about an unexpected 0.1% retail sales fall. Also, job vacancies dropped by 6.9% in the same month,

Tue, 08 Jan 2013 18:18:03 GMT

FTSE 100

U.K shares stayed little changed on Tuesday fading concern that the recent surge in shares has overestimated the outlook for corporate profits.The FTSE 100 Index rose 0.1%, or 3.19 points, to 6,067.77. The benchmark index gained 2.8% last week. All but three sectors declined in the gauge.Telecommunications shares rallied 1.85%, showing the biggest gain in the FTSE 100 index. An

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