DAX index up on Greek deal and US jobs data

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Source: Dukascopy Bank
German DAX index climbed on Friday as Greece completed its debt swap agreement and data showed US economy created 227 000 jobs in February. Engineering company Linde AG surged 5.2% after posting a 3.6% increase in 4th quarter profit and predicting better revenue and profit this year. Merck KGaA gained 2% after Deutsche Bank raised share's rating from hold to buy, suggesting market's view on company's future earnings is too pessimistic. At the moment of writing DAX 30 is 0.3% or 20.29 points up at 6,854.83.

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Fri, 09 Mar 2012 16:24:10 GMT

Precious metals sored after Greek debt swap deal

Precious metals were higher on Thursday amid depreciating US Dollar and boosted optimism as Greece managed to agree on the debt swap with required number of creditors. Moreover, the commodity group gained momentum after Mario Draghi announced that inflation in the Euro Zone is likely to remain above the target of 2%. Further, expectations that global banks will continue to

Fri, 09 Mar 2012 15:17:41 GMT

FTSE 100 fluctuates between gains and losses on Friday session

FTSE 100 index faced a choppy session on Friday despite successful outcome of Greek debt swap deal and optimistic employment data from US. Miner and energy stocks put most negative pressure on the index. Kazakhmys PLC slipped 1.6%after UBS downgraded mining sector to neutral citing weaker steel demand from China. Tullow Oil lost 0.8% after Societe Generale cut stock's rating

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