DAX 30 extends losses on Spain concerns

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Source: Dukascopy Bank
German DAX index sank further on Thursday as increasing Spanish yields weighed on investor sentiment. Volkswagen AG dropped 1.2% as auto related stocks across region plunged. Merck KGaA fell 2% after the drug-maker was downgraded from "outperform" to "neutral" by Exane BNP Paribas. On the upside Adidas AG advanced 1.2% and Deutsche Lufthansa recovered from previous losses, adding 0.8%. At the moment of writing DAX 30 is 0.9% or 60.74 points down at 6,723.32.

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Thu, 05 Apr 2012 17:52:56 GMT

Base metals were pressured by US Dollar strength

Industry metals faced persistent pressure after FOMC minutes that indicated Fed unwillingness to start the next round of the quantitative easing. Base metals pack also faced bearish trend as US Dollar appreciated against its major rivals while equities weakened. Copper was among the top-losers after poorly subscribed Spain and Italy auction that escalated worries over the Euro Zone's recovery. Alumnium

Thu, 05 Apr 2012 13:37:41 GMT

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