DAX rose as health care setor posted strong gains

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Source: Dukascopy Bank SA

German DAX Index advanced 0.66% to trade at 6,438 on Wednesday despite mounting Eurozone's debt pressure after Italy's borrowing costs surged above 6%. Metro dropped 1.80% after Tuesday's rally while Deutsche Post retreated 1.12%. Meanwhile, Health care sector moved higher, with Fresenius and Fresenius Medical Care rising by 1.10% and 1.22%. Financials were mixed. Deutsche Bank increased by 0.04% whereas shares of  Commerzbank were unchanged.

 

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Thu, 12 Jul 2012 07:29:59 GMT

Australia's jobless rate increases as payrolls are reduced

In June, this year, payrolls were decreased, thus increasing the unemployment rate to 5.2% in July. As reported by the Statistics Bureau in Sydney, the numbers by 27,000 jobless people as there is a lack of full time employees. Furthermore, the Australian Dollar weakened against the US Dollar to USD1.0193, with the interest rate of the one-year bonds going down

Wed, 11 Jul 2012 14:58:56 GMT

FTSE 100 dropped on EU woes

UK stocks declined on lingering concerns over the Eurozone's economy. The German Constitutional Court delayed its decision regarding planned changes in bailout rules on Tuesday.  Financial stocks extended losses, with Lloyds Banking, Barclays and HSBC tumbling by 1.68%, 1.20% and 0.34%, respectively. Commodity producers also declined. Rio Tinto and BHP Billiton retreating 1.25% and 1.14%. Meanwhile, Glencore International soared 1.53%

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