FTSE 100 moves lower on commodities

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Source: Dukascopy Bank
FTSE 100 index approached weekly drop on Friday as energy and mining shares tumbled on falling commodity prices. Antofagasta lost 3.3% and Kazakhmys declined 4% as metal prices deteriorated. Oil producers BP and BG Group slipped 1.5% and 3% respectively. Royal Bank of Scotland Group breached the negative trend and climbed 2.6%. Although bank said its loss widened in 1st quarter, it also announced it will repay the last portion of government support next week. At the moment of writing FTSE 100 is 0.67% or 38.35 points down at 5,727.71.

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Fri, 04 May 2012 12:53:54 GMT

German DAX trades lower ahead of elections and US jobs data

German DAX index edged lower on Friday as investors awaited for US jobs data amid dropping commodity prices. Moreover European investors stayed cautious ahead of elections in Germany, Italy, France and Greece this weekend. Metro AG dropped 1.5%, as UBS lowered its target price on the stock to and maintained its sell recommendation. On the upside banks partly recovered with

Fri, 04 May 2012 11:52:54 GMT

Asian shares trade lower ahead of US non farm payroll report

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