German shares jumped to their highest level in one week

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Source: Dukascopy Bank SA
German equities paired gains reaching their highest level in one week prior to U.S. lawmakers resuming discussions to prevent the so- called "fiscal cliff". In addition, investors are becoming more optimistic about the outlook for the Eurozone, as the ECB is taking measures to rebound the euro-area. The DAX index advanced 0.4% to 7,664.54 by 1:55 p.m. in Frankfurt. The gauge has gained 30% this year. Five out of nine sectors in the index edged higher with technology shares increasing the most by 0.94%. Furthermore, utilities and financials posted gains of 0.91% and 0.86%. The largest lenders in Germany, Deutsche Bank and Commerzbank, rallied 1.9% and 1.6% to 33.64 euros and 1.45 euros, respectively, triggering an increase in the financials shares. Bayerische Motoren Werke added 1.5% to 73.81 euros, as CFO Friedrich Eichener announced the company's profit would exceed the last year's profit total. Meanwhile, Lanxess AG and Merck KGaA declined the most by 1.63% and 1.53, respectively.
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Thu, 27 Dec 2012 16:35:11 GMT

S&P 500

U.S. equities extended their losses for the third consecutive day, as retailers shrank after the Christmas holiday pairing with concerns about the final outcome of the nation's budget negotiations. The S&P 500 index dropped 0.5% to 1,419.83 on Wednesday. Nine out of 10 groups in the index inched lower, with basic materials being the only sector surging. Cliffs Natural Resources

Thu, 27 Dec 2012 16:27:34 GMT

U.K. equities up amid rising optimism on the fiscal cliff resolution

U.K. stocks increased to their one-week high as U.S. lawmakers are about to resume the budget talks to avert the so-called "fiscal cliff" that might push the nation into an economic recession. The U.S. President Barack Obama is pushing lawmakers to come to a conclusion. The FTSE 100 index added 0.4%, or 22.54 points, to 5,976.72 by 1:39 p.m. in

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