Germany's DAX 30 down as Fed rejects additional quantitative easing

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Source: Marketwatch
German DAX 30 index lost about 1% reaching 5,723.65 on Wednesday led by car makers after news that Fed will not provide additional quantitative easing. Volkswagen AG and BMW AG dropped 2% and 4% respectively, while Daimler AG tumbled 2.3%. Retailer Metro AG declined 2.3%. German markets took little relief from debt auction where 2-year bills produced record low yield of 0.29%. German benchmark index so far has faded 17% on yearly basis. At the moment of writing DAX 30 is down 1.28% or 73.94 points at 5,700.03.

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Wed, 14 Dec 2011 16:13:21 GMT

FTSE 100 retreats after Italian bond auction

After closing 1.1% higher on Tuesday UK's FTSE 100 sharply retreated during Wednesday after Italy faced record high borrowing costs and Federal Reserve rejected prolonging quantitative easing. UK benchmark lost 0.9% falling to 5,441.99 during afternoon. On the downside were banking and resource stocks. Barclays PLC dropped 2.91% while RBS lost 1.76%. Royal Dutch Shell PLC and BP PLC each declined around 1%. Metal producer Rio Tinto

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