German stocks fluctuate after previous losses

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Source: Dukascopy Bank SA

German shares advanced on Tuesday, erasing previous losses on dismal German Ifo business climate data. However, anticipation of key US data due later in the day capped the upswing of German equities. The DAX Index climbed 0.11% to trade at 7,421.30. Five out of nine sectors included in the index inched up.  Leading the gains of German stock index, technology and health care sectors jumped 0.69% and 0.48%. SAP and Fresenius Medical Care AG & Co gained 1.12% and 0.05%. At the same time, telecommunications and consumer goods weighted down on the stock index. Deutsche Telekom slid 1.48%. On the downside was also Daimler, falling by 2.54% amid weakness of the automobile sector.

 

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Tue, 25 Sep 2012 15:21:23 GMT

U.S. consumer confidence rocketed to a seven-month high

Confidence among U.S. consumers rose more than expected in September, reaching seven-month high, the Conference Board said on Tuesday. A gauge of consumer confidence rocketed to 70.1 this month, up from 61.3 in the prior month. Leading indicator, which measures overall economic activity, was expected to rise to 63.1.

Tue, 25 Sep 2012 16:14:33 GMT

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