FTSE 100 index fluctuates after GDP data

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Source: Dukascopy Bank
British FTSE 100 index rose on Wednesday though the gains were limited as data unexpectedly showed UK GDP contracted for the second straight quarter, signalling economy is in recession. Chip-producer ARM Holdings jumped 3.3% on Apple earning report while miners Vedanta Resources and Kazakhmys rallied 4.3% and 3.1% respectively as metal prices surged. On the downside tobacco companies extended declines after downgrades. British American Tobacco lost 0.7% and Imperial Tobacco Group gave up 0.2%. At the moment of writing FTSE 100 is 0.2% or 10.80 points up at 5,719.98.

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Wed, 25 Apr 2012 14:30:30 GMT

German DAX rallies despite weaker data from US

German shares followed their European and US peers on Wednesday, lifted by earnings reports. Benchmark DAX index climbed higher in the morning though pared gains in late trade on larger-than-expected fall for US durable goods orders. Financials Deutsche Bank and Commerzbank supported DAX, adding 2.7% and 4.5% respectively. Deutsche Lufthansa extended gains and surged 3.5%. At the moment of writing

Wed, 25 Apr 2012 12:40:30 GMT

Hang Seng finishes 0.15% down on Wednesday

Hong Kong's Hang Seng index faced a choppy session on Wednesday as region's shares struggled between gains and losses. Gains from financial and property stocks were erased by Internet major Tencent Holdings which dropped 4.3% after a rapid appreciation recently. Hang Seng index slipped 0.15% or 30.87 points and finished at 20,646.29. China Overseas Land & Investment gained 2.9% and

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