CAC 40 up driven by auction and German confidence data

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Source: Dukascopy Bank
The link between French CAC 40 Index (CC) and DAX Index remained steady on Tuesday, at 0.88. In contrast, the relationship between French benchmark index and EUR/USD currency pair climbed to 0.57. The link also strengthened between CAC 40 and EUR/JPY currency pair, as 17-nation currency recovered amid positive news from China and Germany. The correlation remained relatively weak between CAC 40 and gold (GOLDSH) at 0.35.

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Wed, 18 Jan 2012 08:05:04 GMT

Oil rallies during Asian trade

Crude oil futures continued yesterday's rally in electronic session ahead of the US inventory report release due later today. Crude oil for delivery in February traded at $101.26 a barrel during Asian session, on the New York Mercantile Exchange, advancing 0.6% or 55 cents.

Tue, 17 Jan 2012 17:17:28 GMT

German DAX rally as investors regain confidence

German DAX Index rallied 1.3% on Monday and kept upward trend on Tuesday trade, led by car makers and consumer service firms. All nine industries within the index posted gains, after German investor confidence index unexpectedly rocketed by 32.2 points in January. Daimler AG climbed 3.69%, BMW AG surged 2.76%, while Volkswagen PFD gained 2.59%. Metro AG jumped 3.89%. On

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