DAX 30 rallies, as Commerzbank adds 12%

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Source: Dukascopy Bank
German DAX Index closed 0.3% up on Wednesday and prolonged upward trend, opening 0.1% higher, led by Deutsche Bank. German benchmark rallied, after France and Spain performed well in bond auction and Euro appreciated sharply against the greenback. Financial and consumer service sectors posted the biggest gains. Deutsche Bank jumped 8.60%, while Commerzbank rocketed 12.40%. Car markers BMW AG and Volkswagen-PFD each added 0.82% and 2.13%, respectively. At the moment of writing German DAX is 0.84% or 53.04 points up at 6,406.12.

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Thu, 19 Jan 2012 16:21:25 GMT

Jobless claims in the US hit almost four-year low

The number of people applied for unemployment benefits in the US declined to almost four-year low. The number of jobless claims dropped by 50,000 to 352,000 on a seasonally adjusted basis last week, reported US Labour Department. Experts projected the jobless claims to fall to 385,000 last week.

Thu, 19 Jan 2012 16:21:16 GMT

FTSE jumps, led by financial stocks

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