German stocks advance on the EU optimism

Note: This section contains information in English only.
Source: Dukascopy Bank SA

German DAX Index added 1.21% to trade at 6473.30 at the time of writing. The stock index was buoyed by rising Eurozone's optimism after the EU leads eased bailout terms for Spain. All industries within the index posted strong gains. Top-performers were consumer goods and technology. Adidas, Metro and Henkel moved higher by 2.60%, 1.17% and 1.95%, respectively. In technology sector, Infinenon Technologies and SAP both surged 4.68% and 1.96%.

 

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Tue, 10 Jul 2012 16:33:55 GMT

Gold rose amid weaker US Dollar

Precious metals were mostly higher on Monday amid weaker US Dollar and soaring borrowing costs in Spain and Italy. The commodity group was bolstered after the Fed officials said that weakness of the US economy is likely to lead to more loosening monetary policies. Gold climbed 0.24%, drawing strength from the Fed comments regarding next round of asset-purchasing programme. Silver rose

Tue, 10 Jul 2012 15:27:54 GMT

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