FTSE rallies on investor optimism

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Source: Dukascopy
After giving up 0.2% on Friday, UK FTSE 100 Index recovered on Monday, lifted by the progress in Greek debt talks amid Euro Zone finance minister meeting. UK benchmark added 0.6% climbing to 5,764.37, led by resource, energy and financial shares. Royal Bank of Scotland surged 1.9%, while Lloyds Banking improved by 1.6%. The main winner was Essar Energy, which jumped 6.7% ,after Iran announced it expects India to pay for oil partly in Yen. At the moment of writing FTSE 100 is 0.65% or 37.31 points up at 5.765.42.

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Mon, 23 Jan 2012 16:20:32 GMT

DAX climbs higher amid European finance minister meeting

German DAX Index lost 0.2% on Friday but opened 0.5% higher on Monday, as investors awaited for the results of Euro area finance minister meeting. Euro hit this year's record high, touching $1.3 as Greek officials claimed they are making progress in talks with private creditors. Financial sector posted the biggest gains for the index. Commerzbank added 12.8% and Deutsche

Mon, 23 Jan 2012 15:25:27 GMT

Nikkei 225 index flat on Monday amid New Year holidays in China

Japan's Nikkei Stock Average traded flat on Monday's rather silent trading session amid Chinese New Year holidays. Nikkei 225 finished 0.01% or 0.46 points down at 8,765.90. On the upside index was supported by export-oriented companies with Sony Corp. surging 4%, Mazda Motor Corp. adding 1.6% and Casio Computer Co. gaining 1.7%. Olympus Corp. rallied 8.1% after the company avoided

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