German DAX boosted by financials

Note: This section contains information in English only.
Source: Marketwatch

German DAX 30 Index followed its British peer and opened 0.4% lower on Tuesday morning after sharp gains during Monday trade. Weaker opening was mainly caused by anxiety that S&P rating agency said it may cut credit rating of France. During the day session the index recovered and climbed 1% fuelled by financial institutions. Insurer Allianz SE gained 2.8% while Commerzbank AG added 2.3%. Among decliners was Daimler AG's shares which dropped 0.6% as Deutsche Bank informed on increasing risk of drop in Daimler's earnings. At the moment of writing German DAX trades flat.

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Tue, 29 Nov 2011 15:44:14 GMT

Hang Seng keeps upward trend on European plans

Hong Kong's Hang Seng Index extended gains on Tuesday depicting investor hopes European leaders will provide details how to solve debt crisis. Hang Seng Index advanced 1.21% or 218.39 points and closed at 18,256.20. Asian exporters and banks made major positive contribution to index. Lenovo Group Ltd. jumped 3.8%, Esprit Holdings Ltd. added 4.6% while Cosco Pacific Ltd. rallied by 7.8%. Among the financial sector Industrial

Tue, 29 Nov 2011 16:00:45 GMT

ECB drains from banks EUR 194.199Bln

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