UK stocks dropped in thin trade

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Source: Dukascopy Bank SA
UK stocks declined on Tuesday as support from hopes for stimulus measures from the ECB started to fade. Meanwhile, positive data flow from the US restricted the downswing of the equities. The FTSE 100 Index lost 0.0% to trade at 5,835.43 at GMT 12:00. Six out of ten sectors included in the index dropped. Technology and health care firms buoyed UK stock index.  At the same time, basic materials and telecommunications dragged the index lower. Rio Tinto, BHP Billiton and Xstrata slumped 3.15%, 2.07% and 1.29%, respectively. Eurasian Natural Resources was the top-loser as company's sales missed forecasts in the first half of 2012. Imperial Tobacco Group dropped by 1.70% after the High Court of Australia rejected the world's largest tobacco companies' claim that the government illegally used their intellectual property, excluding trademarks displayed on packs.

 

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Wed, 15 Aug 2012 16:50:32 GMT

German shares slid on global growth concerns

German shares declined on Tuesday despite positive data from the US.  Concerns over the global economic instability continued to weight down on German stocks. German DAX Index lost 0.59% to trade at 6,941.62 at GMT 12:00. Eight out of nine industries retreated. Utilities managed to climb. RWE slid by 1.18% while E.ON added 0.93%.The biggest losers were telecommunications and technology

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