DAX 30 rallies on German business confidence

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Source: Dukascopy Bank
German DAX index rallied on Monday as Ifo institute reported German business confidence rose more than expected in March, reaching 8-month record high. BASF SE jumped 2% after Warburg upgraded the stock from hold to buy. On the downside Metro AG lost 2% on news Credit Suisse lowered its price target. At the moment of writing DAX index trades 1.07% or 74.90 points higher at 7,070.26.


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Tue, 27 Mar 2012 06:09:44 GMT

European markets climb on German business confidence data

European stocks advanced on Monday driven by better than expected data on German business confidence index. Stoxx Europe 600 index surged 1%, German DAX rallied 1.2% and FTSE 100 added 0.8%. French CAC 40 index gained 0.7%. Spanish benchmark IBEX 25 index tumbled 0.7% on worries about country's fiscal outlook. 

Mon, 26 Mar 2012 16:43:15 GMT

Nikkei 225 index finishes slightly higher as Yen weakens

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