Germany's DAX falls on concerns about debt crisis and US budget vote

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Source: Marketwatch
On Friday Germany's DAX closed at 5,653.42 experiencing a 146.82 or 2.53% drop compared to Thursday. During last week index lost total of 4%. On Monday trading session the index is extending its losses and at the moment of writing trades down at 5,651.40. Index is mainly hurt by Commerzbank AG's decline of 5% and Deutsche Bank AG's slip of 4.5% as Moody's reported that Germany's financial system has increased its exposure to troubled region's economies.

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Mon, 21 Nov 2011 13:54:08 GMT

Hang Seng Index down on Monday

On Monday Hong Kong's Hang Seng Index fell 1.44% and closed at 18,225.85 or 265.38 points down compared to Friday. Mining companies added negatively to index: oil producer Cnooc Ltd lost 3% while China Coal Energy Co gave up 4.9%. Hong Kong property companies also suffered a decline and depressed the index. China Resources Land Ltd. dropped 4.5%, Hang Lung Properties Ltd decreased 5%, while

Mon, 21 Nov 2011 13:15:00 GMT

Euro zone reports about current-account surplus

The euro zone reported about current-account surplus of 0.5 billion euro in September as compared to deficit of 5.9 billion euro in August, according to ECB. The improvement is essential but may be unsustainable, said Dominique Barbet, senior economist at BNP Paribas. The surplus was mainly a result of fall in imports caused by slight decrease in commodity prices, he added.

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