FTSE 100 index recovers from Monday's drop

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Source: Dukascopy Bank
After tumbling 1.9%, British FTSE 100 index recovered on Tuesday as Netherland successfully sold bonds. Gains were limited as UK posted bigger than expected budget deficit in March. International Consolidated Airlines rallied 3.75% after Credit Suisse upgraded its shares from neutral to outperform. Oil companies BP added 1.4% and BG Group soared 1.6% as crude prices increased. On the negative side British American Tobacco and Imperial Tobacco Group shed 1% and 0.6% respectively after downgrade from Bank of America Merrill Lynch. At the moment of writing FTSE 100 is 0.32% up at 5,683.55.

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Tue, 24 Apr 2012 13:11:34 GMT

German DAX faces choppy session on Tuesday

After plunging 3.4%, German DAX index traded almost flat on Tuesday as investor sentiment improved after successful Netherland bond auction, sending Dutch, Spanish and French yields lower. Deutsche Lufthansa  rallied 2.7% after Credit Suisse Group lifted airline's rating from neutral to outperform. Automakers rebounded from declined and climbed with BMW AG gaining 0.5% and Volkswagen AG surging 1.4%. At the

Tue, 24 Apr 2012 12:56:28 GMT

Switzerland's trade surplus dropped in March

Swiss trade excess unexpectedly declined in March, Federal Customs Administration reported on Tuesday. The trade spare declined to 1.69 billion Swiss Francs in previous month compared to a reviewed 2.61 billion Swiss Francs in February. Economists predicted an improvement to 3.0 billion Swiss Francs. Exports dropped 3.3% on annual basis to 17.5 billion Swiss Francs while imports shed annual 6% to 15.8 billion Swiss Francs.

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