DAX 30 index trades lower on Monday

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Source: Dukascopy Bank
German DAX 30 index traded lower on Monday amid fresh worries over Greek debt swap talks. German benchmark declined 0.5% at 3,730.70, weighted down by financials as Deutsche Bank AG dropped 2.2% and Commerzbank AG edged down 1.2%. Losses were partly offset by utilities firm RWE AG which jumped 2.1% after HSBC upgraded the its shares to neutral, predicting future gains from a low carbon price. RWE AG also plans to eliminate 3500 jobs. At the moment of writing DAX 30 is 0.32% or 21.44 points lower at 6,745.23.

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Mon, 06 Feb 2012 15:14:15 GMT

German factory orders advanced in December

German factory orders expanded more than expected in December, suggesting European biggest economy suffered less from regional crisis due to overseas demand. Factory orders added 1.7% in December compared to a 4.9% fall in November. Economists earlier predicted an increase of 1.0%. Orders from Euro Zone countries slumped 6.8%.

Mon, 06 Feb 2012 17:32:55 GMT

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