Australian shares inched down on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Australian equities retreated on Monday despite hopes that the Fed will start new round of QE soon. Disappointing China's data coupled with lack of actions from the ECB weighted down on Australia's tocks. The S&P/ASX 200 Index lost 0.12% to end Monday's session at 4,221.5. Resources firms were mixed, with Interpid Miners falling by 9.09% and Aquila Resources gaining 11.56%. On the downside was CSL, declining by 0.35% after the company's head decided to leave the company in 2013 after 23 years of work. Oil and gas industry was the weakest within the index, tumbling by 0.81% amid lower crude oil prices .

 

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Mon, 27 Aug 2012 16:30:04 GMT

German business confidence drops for 4th month

German business confidence declined for a fourth consecutive month in August, touching its weakest point since March 2010, Ifo think tank reported on Monday, showing domestic companies are more sensitive to the ravages of the Euro-debt crisis and that Germany may stop being a hedge. Business sentiment index tumbled to 102.3, compared to a downgraded reading of 103.2 in July.

Mon, 27 Aug 2012 16:52:04 GMT

Wall Street turned lower on Friday

Wall Street turned slightly lower on Friday, as investors are getting more cautious about Eurozone's leaders will ability to handle region's debt crisis. The Dow Jones Industrial Average fell 0.1%, to 13,041.9; the Standard & Poor 500 Index edged 0.2% lower, to 1,399.54, while Nasdaq 100 futures lost 0.3%, to 3,042.89.

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