DAX 30 keeps struggling

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

On Tuesday Germany's DAX 30 closed 1.2% or 68.61 points down at 5,537.39 on doubts about Commerzbank's capital reserves. In early Wednesday trading session index fell more reaching 5,515.90. German automakers were among major negative contributors to the index on slower growth expectations in China. BMW AG and Daimler AG each lost 1.2%. However, at the moment of writing DAX 30 has rebounded and trades at around 5,564.23 on Commerzbank's announcement it would not need state financing. Commerzbank's shares gained 6% after its report.

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Wed, 23 Nov 2011 13:09:54 GMT

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FTSE 100 Index closed at 5,206.80 on Wednesday giving up around 0.3% or 15.80 points. On Wednesday morning index opened lower slipping 0.8% to 5,166.4 as China's preliminary manufacturing index dropped to 48, thus indicating contraction. Several UK mining stocks were highly exposed to Chinese report. Fresnillo PLC lost 2% while Rio Tinto PLC fell 2.3%. Stocks of Meggitt PLC declined 3.6% as UBS downgraded lowered

Wed, 23 Nov 2011 13:14:01 GMT

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