German DAX falls amid fears Greek left parties may lead

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Source: Dukascopy Bank
German DAX index edged lower on Tuesday as  worries intensified over the inability of Greek parties to form a new government. The losses were limited as data showed industrial output in Germany accelerated three times as much as economists predicted in March. BMW retreated from previous gains and dropped 1.8%. On the upside Deutsche Telekom climbed 1.7% and Fresenius Medical surged 1.5%. At the moment of writing DAX 30 is 0.49% or 32.47 points down at 6,537.04.

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Tue, 08 May 2012 14:31:04 GMT

Canadian housing starts in April

Annual rate (seasonally adjusted) of housing starts in Canada in April 2012 was almost 250 000, which was 20% more than anticipated. Level of single urban start-ups remained stable around 67 000. The most significant increase was observed in urban and multiple urban segments which increased by 18% and 27.4% respectively. Geographically the largest growth was observed in Quebec and Ontario areas, 56.5% and 12.2% correspondingly.

Tue, 08 May 2012 14:09:04 GMT

FTSE 100 slightly lower amid Greek party struggle

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