DAX

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
German shares advanced after Alcoa Inc. started its earnings season in the U.S. with sales beating the analysts' estimates, offsetting the lower-than-expected-industrial production in November. The DAX index gained 0.34% to 7,722.41. Six out of nine sectors advanced. Deutsche Telekom rose 3.96% to its highest price level since October 2012, pacing gains in the telecommunications group that posted the biggest increase in the gauge by rallying 3.34%. Furthermore, Commerzbank surged 2.76%, capping a further decrease in the financials sector. Meanwhile, Lanxess AG erased 2.27% after Citigroup cut its stock rating to sell. Among worst performers were also Fresenius Medical Care AG & Co, dragging down the health care sector by 0.33%. Furthermore, Allianz SE was pacing losses in the financials sector by dropping 1.57%.


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Thu, 10 Jan 2013 07:54:07 GMT

Yen weakens as Abe repeats call for BOJ to double inflation target

Japan's currency fell for a second successive day and approached the lowest level in more than two years versus the U.S. Dollar as Prime Minister Shinzo Abe called for the Bank of Japan  Governor Masaaki Shirakawa to increase the inflation target. The Yen lost 0.3% to 88.15 per U.S. Dollar from a day earlier, when it weakened 0.9%.

Thu, 10 Jan 2013 06:10:05 GMT

German shares rally on U.S. earnings season

German shares advanced after Alcoa Inc. started its earnings season in the U.S. with sales beating the analysts' estimates, offsetting the lower-than-expected-industrial production in November. The DAX index gained 0.34% to 7,722.41. Six out of nine sectors advanced. Deutsche Telekom rose 3.96% to its highest price level since October 2012, pacing gains in the telecommunications group that posted the biggest

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