Canadian stocks inch higher

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

Canadian stocks increased on news about European agreement on the regional bailout that lifted investors' sentiment. Toronto's benchmark S&P/TSX Composite Index gained 267.23 points or 2.3%. The Canadian dollar was higher against USD by 1.1%. All stocks were mainly higher with the leading metal and mining stocks, surging by 5.8%.

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Mon, 28 Nov 2011 16:53:52 GMT

Steel Stocks higher on takeover bid for Commercial Metals

Steel stocks increased after the news about takeover bid for Commercial Metals Co. Carl Icahn, one of the investors, offered $1.73 billion for the company or $15 a share. Carl Icahn already has a 10% stake in Commercial Metals Co. Shares of other steel producers increased after the announcement. Shares of United States Steel Corp. gained 7.5% and shares of AK Steel Holding Corp. added 6.8%.

Mon, 28 Nov 2011 16:49:13 GMT

German CPI remains stable in November

CPI in Germany remains stable in November, according to official preliminary data. Analysts expected CPI to increase by 0.1% in November. Yearly CPI rose to 2.4%, mainly in compliance with forecast after increasing to 2.5% in October, the German Federal Statistics Bureau reported.

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