German equities inch up on Wednesday

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Source: Dukascopy Bank SA
German equities inched higher on Wednesday as concerns over economic uncertainty in Spain eased. Moody's left Spain's credit rating unchanged but warned that negative outlook remained. Pushing German shares higher, US building permits and housing starts beat estimates last month. The DAX Index eased up by 0.06% to trade at 7,380.62. Five out of nine sectors included in the index rose. Financials and industrials posted the biggest gains. HeidelbergCement climbed 2.15% while Commerzbank and Deutsche Bank added 0.82% and 0.84%. On the downside were technology firms and health care companies, with SAP retreating 1.26% and Fresenius Medical Care sliding 0.22%.


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Wed, 17 Oct 2012 19:04:24 GMT

European stocks edged higher on Wednesday

European stocks edged higher on Wednesday, October 17, as Spain dodged its credit rating downgrade by Moody's. The Stoxx Europe 600 Index rose 0.47 per cent to 275.66. Germany's DAX Index edged higher 0.25 per cent to 7,394.55 and France's CAC 40 Index rocketed 0.76 per cent to 3,527.50.  

Wed, 17 Oct 2012 16:52:23 GMT

UK shares advanced on supportive US numbers

UK shares remained higher on Wednesday as Moody's left Spain's credit rating unchanged ahead of the two-day EU summit due to start on Thursday. Upbeat data from the US property market was also supportive for the UK stocks. However, BoE minutes indicated that policy makers are split on the necessity to launch more stimulus measures, thus capping gains of the

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