German DAX driven down by weaker US orders

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Source: Dukascopy Bank
German DAX index edged down on Wednesday as US orders for durable climbed  less than expected and Fed's chairman Bernake warned it is too early to claim economic recovery. Commerzbank AG dropped 1.8% and Heidelbergcement fell 1.7%. On the upside Infineon Technologies rallied 2.1% on news semiconductor maker increased its stock price estimate by 30% to EUR 9.5. At the moment of writing DAX 30 trades 0.51% or 35.82 points lower at 7,043.08.

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Wed, 28 Mar 2012 17:17:04 GMT

Asian shares tumble on Societe Generale's forecast

Asian markets experienced a weak session on Wednesday as Societe Generale SA announced China's corporate profits won't advance in 2012 and country's biggest copper manufacturer Jiangxi Copper posted declining earnings. Shanghai Composite index plunged 2.65%, Hang Seng index fell 0.77% and Japan's Nikkei Stock Average shed 0.71%. South Korea's Kospi dropped 0.39% while Australia's S&P/ASX 200 index disrupted the downward trend and

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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