German DAX climbs on ECB decision

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Source: Dukascopy
German DAX index climbed on Thursday lifted as ECB decided to keep its benchmark rate unchanged and Spain successfully auctioned bonds. Index was supported with positive news from US as data showed jobless claims fell more than expected last week. BMW AG rallied 2.72% after German car maker reported its EBIT jumped 19% in 1st quarter. HeidelbergCement tumbled 2.8% after cement maker reported 1st quarter operating profit that failed to meet analyst expectations citing higher costs associated with cold winter. At the moment of writing DAX is 0.74% or 49.8 points up at 6,761.45.


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Fri, 04 May 2012 06:30:54 GMT

US unemployment claims dropped more than expected last week

US jobless claims posted the biggest weekly fall in almost one year last week. The number of people applying for unemployment benefits decreased by 27,000 last week, approaching 365,000. Experts projected the number of jobless claims to ease down by 12,000 to 380,000. After the release of data, the greenback added to gains against the Euro and EUR/USD traded at

Thu, 03 May 2012 13:42:54 GMT

Wheat extended losses amid favorable weather in the US

Agricultural commodities were mostly lower on Wednesday along with stronger US dollar and favorable weather conditions in the US.Wheat continued its tumble as wet and warm weather conditions in the US are likely to bolster harvest prospects and may result in oversupply in the market.Corn dropped after the USDA reported that Brazilian corn crops are expected to be higher by

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