FTSE 100 rally on investor hope for crisis resolution

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

On Friday London trade UK's FTSE 100 jumped by 1.4% to 5,566.95 led by HSBC Holdings PLC and Standard Chartered PLC each adding 3% and 3.3% respectively. Among major gainers were also resource shares: energy giant BP PLC rallied 2% while miner company BHP Billiton PLC jumped above 3%. Simon Smith FxPro's chief economist said markets feel more comfortable during past few days as Merkel seems to outline a plan how to solve the crisis. 

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Fri, 02 Dec 2011 14:21:34 GMT

Germany's DAX extends gains

German benchmark index DAX 30 jumped by 1.4% on Friday with Deutsche Bank AG up 4.2% and Commerzbank AG gaining 5.2%. German Auto makers also provided a positive contribution to the index as BMW AG edged up 2.3%, Volkswagen AG added 2.4% and Daimler AG rose by 3.3%. Philip Shaw, Investec Securities' chief economist claims markets look forward next week's summit hoping for the positive

Fri, 02 Dec 2011 14:19:44 GMT

Dow Jones closes lower

Dow Jones Industrial Average closed lower on Thursday compared to previous day's rally. Index remained steady ahead of US jobs report and after applications for unemployment allowances increased last week. Index declined 0.2% or 25.65 points reaching 12,020.03. 20 out of 30 its constituents dropped. Biggest gainers were Boeing Company and Bank of America which advanced 3.33% and 1.65% respectively. On the downside were Alcoa

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