DAX Index drops after Moody's lowered German credit outlook

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

German stocks were mostly lower after Moody's lowered the credit outlook for the country. Larger than expected contraction of German PMI in June also added pressure on the country's stocks.  German DAX 30 Index eased down 0.04% to trade at 6,411.06 at the time of writing. SAP led the technology industry higher after reporting a 12% surge in earnings in Q2. Meanwhile, utilities and financials pushed DAX Index lower. RWE and E.ON declined 1.42% and 1.45%. At the same time, Deutsche Bank lost 0.04% while Commerzbank rose 1.15%.

 

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Tue, 24 Jul 2012 17:40:32 GMT

Wall Street tumbled as global economy concern persists

Wall Street declined for a third day in a row as Moody's reduced ratings outlooks for Germany, the Netherlands and Luxembourg, proving that the debt crisis in the Europe is far away from the solution. The Dow Jones Industrial Average lost 0.5 per cent, to 12,655; the S&P 500 Index erased 0.4 per cent, to 1,345, and the Nasdaq Composite declined by 0.3 per cent

Tue, 24 Jul 2012 15:52:33 GMT

UK stocks slide on Eurozone's woes

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