FTSE 100 higher led by oil shares

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Source: Dukascopy Bank
FTSE 100 index extended gains on Thursday on news Greece will finally conclude its debt swap agreement. Oil shares and miners provided the biggest upside contribution to the index. Petrofac Ltd rallied 3.7% after J.P. Morgan Cazenove raised stock's rating from neutral to overweight, citing regained confidence in 2013 earnings growth. Other crude providers also advanced on surging oil prices. BP PLC  gained 0.8% and Royal Dutch Shell PLC soared 1.6%. At the moment of writing FTSE 100 index trades 1.18% or 68.27 points higher at 5,859.68.

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Thu, 08 Mar 2012 16:53:24 GMT

DAX 30 climbs 1.7% on Greek debt swap

German DAX index rallied on Thursday as worries over Greek default disappeared. Heavyweight financials supported the index on upside with Deutsche Bank AG climbing 3.4% and Commerzbank AG adding 1.3%. BMW AG improved 1.3% after the auto maker posted a 51% increase in full-year profit and raised dividends. Deutsche Post AG led the gains after issuing an optimistic revenue predictions

Thu, 08 Mar 2012 16:30:05 GMT

Agriculture tumbled on improved harvest conditions in South America

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