FTSE 100 slightly lower amid Greek party struggle

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Source: Dukascopy Bank
UK FTSE 100 index moved lower on Tuesday after investors returned from holiday and priced the French election results and Greek inability to form government. Miners and oil providers weighed on British main index. Vedanta Resources fell 4.4% and Randgold Resources tumbled 3.1%. Negative trend was bucked by Tullow Oil which announced it has found more oil in its Ngamia well in Kenya. HSBC Holdings also supported the index after posting a profit of USD 2.58 billion for the 1st quarter. At the moment of writing FTSE trades 0.18% or 10.43 points down at 5,644.63.

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Tue, 08 May 2012 14:20:04 GMT

German DAX falls amid fears Greek left parties may lead

German DAX index edged lower on Tuesday as  worries intensified over the inability of Greek parties to form a new government. The losses were limited as data showed industrial output in Germany accelerated three times as much as economists predicted in March. BMW retreated from previous gains and dropped 1.8%. On the upside Deutsche Telekom climbed 1.7% and Fresenius Medical

Tue, 08 May 2012 13:58:04 GMT

Wheat advanced on better demand prospects

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