DAX index rallies on Greek debt

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Source: Dukascopy Bank
German DAX 30 index surged 0.9% on Thursday, and extended gains after Mario Draghi announced he has received a confirmation from Greek PM Papademos that austerity measures have been approved. Daimler AG shares rallied, hitting 6-month record high after posting a 39% increase in 4th quarter profit. Car makers contributed to the gains as BMW AG appreciated 3.75% and Volkswagen added 3.13%. The main decliner within the index was E.ON AG which dropped 3.25%. At the moment of writing DAX index is 0.99% or 66.35 points up at 6,815.92. 


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Fri, 10 Feb 2012 07:03:34 GMT

China's trade slid in January

Chinese exports and imports contracted more than expected in January, performing the first drops in 24 months as Lunar New Year holidays hindered trade and commodity value faded. Foreign shipments lost 0.5% while imports fell 15.3% from previous year. Economists predicted the decline in imports may reach 3.6%. Nation's trade surplus surged to USD 27.3 billion. 

Thu, 09 Feb 2012 15:19:07 GMT

FTSE 100 surges on bank and oil stocks

UK FTSE 100 Index climbed 0.5% on Thursday, lifted by financial and oil shares. Lloyds Banking Group PLC gained 2% and Royal Bank of Scotland Group  PLC soared 1.3%. BG Group PLC added 2% after the company posted a 43% advance in its 4th quarter profit. In contrast Vodafone Group PLC lost 0.4% on its interim statement. Rolls-Royce Holdings PLC

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