DAX index rallies on Fed decision

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Source: Dukascopy Bank
German DAX Index retreated on Thursday on the positive news from Federal Reserve and on investor hopes Greek debt talks will soon resume. German benchmark added 1.5% to 6,516.48 and extended upward trend later in the day. All  9 sectors within the index posted gains, driven by consumer services and utilities. Industrial component producer Thyssenkrupp AG rallied 4.9%, while trading provider Deutsche BO-New surged 4.6%. Automakers BMW AG and Daimler AG each advanced 2.68% and 3.17% respectively. At the moment of writing DAX index is 2.01% or 130.6 points higher at 6,551.91.

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Fri, 27 Jan 2012 07:06:22 GMT

Japan retail sales expand in December

Japanese retail sales expanded at the quickest pace since 2010, said Trade ministry. Nation's retail sales added annual 2.5% in December 2011, posting the biggest gain since August 2010 and signalling the consumers may start to recover from the earthquake. Economists questioned by Bloomberg previously predicted an increase of 2.1%. Clothes and food contributed most to the increase in Japan's retail sales. 

Thu, 26 Jan 2012 16:31:54 GMT

FTSE 100 index retreats on Bernake's signal

UK FTSE 100 Index recovered from two day losses on Thursday as Federal Reserve said it will keep its key interest rates low for longer time period amid signalling about possible additional asset purchases. UK benchmark index rallied 1.1% to 5,788.11 in London day trade, led by resource and financial stocks. Vedanta Resource jumped 7.7%, Rio Tinto gained 5% while

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