FTSE 100 trades lower on news from Adam Posen

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Source: Dukascopy Bank
Despite unexpected drop in nation's unemployment, Brtish FTSE 100 index traded modestly lower on Wednesday weighed down by banking stocks as Adam Posen, policy maker at the Bank of England ended his support for additional stimulus Lloyds Banking Group slipped 2.2% and Barclays lost 1.6%. BHP Billiton climbed 1.3% after world's largest mining firm posted a surge in iron-ore output. At the moment of writing FTSE 100 trades 0.29% or 16.55 points lower at 5,749.18. 

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Wed, 18 Apr 2012 17:27:18 GMT

German Dax index down on Spanish bad loans

German DAX index fell on Wednesday after Spain reported its proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994 raising doubts about nation's ability prevent debt turmoil. Banks led the losses with Commerzbank falling 2.63% and Deutsche Bank sinking 2.3%. The only notable gainer was industrial component producer Thyssenkrupp AG which surged 2.3%.

Wed, 18 Apr 2012 17:26:59 GMT

Nikkei 225 index surges on weaker Yen

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