German shares flat after upbeat business climate data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares retreated despite positive business climate data. The Ifo Institute for Economic Research reported that its German business climate index advanced to 101.4 in October from 100.0 in September. Experts predicted the index to drop to 99.5 last month. German blue chips remained under notable pressure as market players were cautious over Greek bailout talks due to be resumed on Monday. The DAX Index lost 0.01% and is currently trading at 7,244.24. Only three in nine sectors within the index climbed. Consumer services and basic materials posted the biggest gains. Deutsche Lufthansa surged 0.48%, while HeidelbergCement and K+S jumped 1.12% and 0.41%. Depressing German shares, utilities sank 1.47%. E.ON and RWE slumped 1.33% and 0.87%.


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.