FTSE 100 index rallies on Greek vote

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Source: Dukascopy Bank
After a sharp decline on Friday, British FTSE 100 index rebounded on Monday, climbing 1%, helped by financial and resource shares as investors digested news about parliamentary approval of Greece austerity plan. HSBC Holdings PLC added 1.3% and Barclays PLC gained 2%. Among resource shares Antofagasta PLC jumped 3.7%, while Rio Tinto PLC advanced 2.6%. Drug markers also contributed to the index with GlaxoSmithKline PLC surging 1.3%. At the moment of writing FTSE 100 index is 1.0% or 58.73 points up at 5,911.12.

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Mon, 13 Feb 2012 14:36:29 GMT

DAX index recovers as Greece approves austerity plan

German DAX 30 retreated on Monday as Greece parliament voted against austerity measures required to secure EUR 130 billion rescue fund. Banking and car maker shares provided the main upside support. Commerzbank jumped 4.7% and Deutsche Bank AG gained 1.1%. Volkswagen AG added 2.6% after company announced it made monthly light vehicle sales record for the unit in January. At

Mon, 13 Feb 2012 13:03:28 GMT

Switzerland import and producer prices declined in January

Swiss producer and import prices fell in January as appreciating Switzerland's currency and weaker demand from Euro Zone drove costs down, said Swiss Federal Statistics Office on Monday. The index, which estimates producer and import prices, dropped 2.4% in January. Economists earlier predicted a decline of 2.1%. 

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