FTSE 100 index drops on weaker US data

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Source: Dukascopy Bank
After climbing 1.3% on Fed announcement yesterday, FTSE 100 index fell back 0.6% on Friday, pushed down by Greek inability to reach agreement on its debt write-off amid weaker US housing sales data. Eight out of ten sectors posted losses during the session, driven by energy and telecom shares. BP Plc. lost 2.2%, after the court said the company cannot acquire part of clean-up costs from Transocean Ltd. At the moment of writing FTSE 100 index is 0.45% or 26.03 points down at 5,769.33.

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Fri, 27 Jan 2012 17:58:12 GMT

DAX slightly down on Friday amid Greek debt talks and US GDP data

After rallying 1.8% on Thursday session, German DAX retreated and gave up 0.3% amid lingering Greek debt negotiations and weaker than expected US housing and economic growth data. Financials and industrials led the decline while utilities supported the index on the upside. Commerzbank and Deutsche Bank AG lost 0.37% and 0.16% respectively, while Deutsch Luft surged 1.7%. At the moment

Fri, 27 Jan 2012 17:58:20 GMT

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