DAX 30 climbs on prohibited merger deal

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Source: Dukascopy Bank

German DAX 30 index slightly appreciated on Thursday, lifted by Deutsche Boerse as European Union prohibited its planned USD10bn merger with NYSE Euronext, claiming the deal would violate fair rivalry principles as other exchange operators would not be able to compete. Deutsche Boerse jumped 3.7% on the announcement. On the downside Deutsche Bank plunged 2% after lender reported 76% drop in 4th quarter profit. At the moment DAX 30 index is trading 0.32% or 21.08 points higher at 6,637.54.


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Thu, 02 Feb 2012 17:24:31 GMT

Precious metals bounced on strong PMI

Precious metals advanced on Wednesday amid broadly weaker US Dollar on the positive economic data from the Euro Zone. Gold jumped by 0.33, approaching two-month high of USD 1743.53 per troy ounce. The yellow metals also continued to draw support from the Fed's decision to keep low interest rates until mid-2014. Other precious metals followed the gold's suit and rallied

Thu, 02 Feb 2012 16:54:46 GMT

FTSE trades flat on Thursday

FTSE 100 Index fluctuated between gains and losses on Thursday amid Xstrata merger rumors and Unilever's plunge. Xstrata jumped 10% and Glencore rallied 6% on news about possible merge between both commodity firms. The gains were offset by Unilever PLC which posted small increase in its profit  and gave cautious forecasts for 2012. AstraZeneca PLC and Royal Dutch Shell PLC

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