German shares steady after previous slump

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Source: Dukascopy Bank SA
German equities are trading little changed on Monday after a slump on Friday on lack of results from the EU summit and mounting uncertainty over Spain's bailout. Pushing German shares lower, US stocks tumbled on Friday after the largest companies reported dismal quarterly results. The DAX Index gained 0.02% and is currently trading at 7,382.16. Only three in nine sectors included in the index jumped. Lenders posted the biggest gains, with Commerzbank and Deutsche Bank climbing by 3.63% and 1.70%. Health care firms and consumer services retreated. Fresenius Medical Care and Fresenius SE & Co dropped by 1.37% and 0.41% while SAP lost 0.07%.


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Mon, 22 Oct 2012 13:22:36 GMT

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UK equities are trading flat after Friday's losses

UK equities are trading slightly higher on Monday, rebounding after sharp drop on Friday. On Friday, lingering worries over Spanish bailout sent DAX Index 0.78% lower. Moreover, a fall in US equities and a drop in Japanese exports continued to weight on market sentiment. The FTSE 100 Index inched up by 0.07% to trade at 5,900.37. Six out of ten

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