FTSE 100 index recovers from losses on Wednesday

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Source: Dukascopy Bank
After a steep loss of 2.2% on Tuesday, FTSE 100 index recovered on Wednesday lifted by banks as the sector was upgraded. Barclays added 4% after the lender's rating was raised from hold to buy by Investec Securities. Lloyds Banking Group rallied 3.1% and HSBC Holdings added 0.8%. The security company G4S surged 3.3% after Morgan Stanley lifted the stock from equal weight to overweight. Miners also rebounded with Kazakhmys soaring 2.5% and Antofagasta gaining 3%. At the moment of writing FTSE 100 trades 0.67% or 37.77 points higher at 5,633.27.

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Wed, 11 Apr 2012 13:50:53 GMT

DAX index edges higher on banking sector upgrade

After a drop of 2.5% in previous session, German DAX index rebounded on Wednesday supported by financials and car makers. Declining Spanish and Italian yields amid banking sector upgrade lifted Germany's main stock index. Deutsche Bank rallied 4.5% and Commerzbank jumped 4.8%. Volkswagen  also contributed positively, gaining 3.8%, after posting a 15% improvement in worldwide car sales for its VW

Wed, 11 Apr 2012 12:24:56 GMT

Nikkei 225 index closes lower for a seventh session

Japan's Nikkei Stock Average index traded lower for the seventh straight session on earnings reports amid rising tensions in Spain and Italian debt markets. Nikkei 225 index declined 0.83% or 79.28 points and settled at 9,458.74. Sony Corp fell  4.5% after posting a record loss. Sharp Corp. plunged 3.2% after company reported a record annual loss of JPY 380 billion.

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