DAX

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy bank SA
German equities were little changed as Greece rescheduled the deadline on bond buyback offer and Italy's Prime Minister announced of his resignation after the former Prime Minister withdrew his support for the government, while Berlusconi seeks to return to power. The shares were also affected by Greece extending a deadline to spend 10 billion euros to buy back the sovereign debt until tomorrow's midday.

The DAX index swung between gains and losses and slid 0.01% to 7,518.75 by 15:00. The index has surged 26% since this year's low in June when the ECB's president announced unlimited bond-buying program. The experts forecast further rally in the index until the end of this year. Four out of nine sectors shrank, while Technology sector stayed unchanged. The Consumer services and Utilities sectors fell the most, down 1.24% and 0.99%, respectively. Among the best performers was Volkswagen that advanced 0.78%, after company revealed its race car Polo R WRC Racer. Adidas surged 0.59% as it had run its advertising campaign around one of the footballing highlights Barcelona star Lionel Messi's new goal-scoring record. The company gaining the most was Merck KGaA adding 1.15%, whereas the worst performer was Hargreaves Lansdown losing 2%.


© Dukascopy bank SA
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Tue, 11 Dec 2012 08:01:51 GMT

Kiwi reaches 5-week high versus Aussie as house prices rose in New Zealand

The kiwi dollar reached the highest level in five weeks versus the Australian peer as house prices in New Zealand increased at the fastest pace in 5 years last month and card spending rose. The Aussie weakened versus its major counterparts as business confidence fell to the lowest level since 2009. The New Zealand Dollar gained 0.1% to 83.54 U.S.

Mon, 10 Dec 2012 19:09:48 GMT

FTSE

Most European stocks dropped triggering a decrease in the Stoxx Europe 600 Index from its 18-month high, after Italy's Prime Minister Mario Monti pledged he would resign as soon as the budget for 2013 is approved, causing concerns that this might damage efforts to reduce the nation's debt. Meanwhile, Berlusconi said to seek for premiership in the next year's election

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