DAX 30 index improves on financial shares

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Source: Dukascopy Bank
After a sharp fall of 3.4% yesterday, German DAX index recovered on Wednesday, led by banks. Commerzbank advanced 2.9% and Deutsche Bank soared 1.2%. Henkel AG gained 0.9% after Goldman Sachs raised stock's rating from neutral to buy before company's earnings report due Thursday. On the downside Adidas AG lost 2.3% after reporting profit that missed analysts predictions. RWE AG slipped 0.9% after UBS cut stock's rating from buy to neutral. At the moment of writing DAX 30 is 0.48% or 32.10 points up at 6,664.53. 

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Wed, 07 Mar 2012 18:04:58 GMT

Precious metals tumbled on the negative economic outlook

Precious metals moved down on Tuesday amid appreciating US Dollar and lingering concerns over the Euro Zone debt crisis. Weaker equities also added to losses. Traders switched from commodities to the greenback as risk appetite was dampened after negative economic data. Moreover, the OECD reported lower than expected inflation rate that created pressure on traditional inflation hedges. Moreover, the commodity

Wed, 07 Mar 2012 16:18:50 GMT

FTSE 100 retreats led by Admiral Group

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