German DAX swings between gains and losses on Thursday

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Source: Dukascopy Bank
German DAX index traded slightly higher on Thursday supported by car makers and technology shares but retreated as data showed US jobless claims rose more than expected. Volkswagen gained 1.4% and BMW AG surged 1.8% as data showed Euro Zone industrial production advanced by 0.5% in February instead of predicted drop. Infineon Technologies rallied 4.6% after Deutsche Bank upgraded the share from hold to buy. At the moment of writing DAX 30 index is 0.13% or 7.15 points up at 6,679.82.


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Thu, 12 Apr 2012 20:15:55 GMT

Precious metals sank despite weaker US Dollar

Precious metals except for palladium moved down on Wednesday sessions despite stronger equities and softer US Dollar. The commodity group was pressured by lack of fresh easing measures from Fed and overall instability in the Euro Zone. Gold was only marginally lower, consolidating at 1658.98 US Dollars per ounce after fluctuating on speculation about Fed readiness for fresh liquidity measures.

Thu, 12 Apr 2012 19:53:54 GMT

FTSE 100 index faces a choppy session on Thursday

FTSE 100 index fluctuated between gains and losses on Thursday as government reported UK's trade deficit widened more than expected in February. Royal Dutch Shell tumbled 5% on news an oil sheen had been detected in the Gulf of Mexico. Aggreko jumped 2.4% after temperature-control supplier reported a strong growth in revenue. GKN climbed 5% after Credit Suisse upgraded the

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