DAX index rallies on Fed decision

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Source: Dukascopy Bank
German DAX Index retreated on Thursday on the positive news from Federal Reserve and on investor hopes Greek debt talks will soon resume. German benchmark added 1.5% to 6,516.48 and extended upward trend later in the day. All  9 sectors within the index posted gains, driven by consumer services and utilities. Industrial component producer Thyssenkrupp AG rallied 4.9%, while trading provider Deutsche BO-New surged 4.6%. Automakers BMW AG and Daimler AG each advanced 2.68% and 3.17% respectively. At the moment of writing DAX index is 2.01% or 130.6 points higher at 6,551.91.

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Fri, 27 Jan 2012 07:06:22 GMT

Japan retail sales expand in December

Japanese retail sales expanded at the quickest pace since 2010, said Trade ministry. Nation's retail sales added annual 2.5% in December 2011, posting the biggest gain since August 2010 and signalling the consumers may start to recover from the earthquake. Economists questioned by Bloomberg previously predicted an increase of 2.1%. Clothes and food contributed most to the increase in Japan's retail sales. 

Thu, 26 Jan 2012 16:31:54 GMT

FTSE 100 index retreats on Bernake's signal

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