DAX index recovers as Greece approves austerity plan

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Source: Dukascopy
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 the moment of writing DAX index is 0.77% or 52.22 points up at 6,745.07.

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Tue, 14 Feb 2012 07:20:46 GMT

Spain and Italy downgraded by Moody's

Moody's Investors Service downgraded the credit ratings of six Europe's nations including Spain, Portugal and Italy. Rating agency also said it considers lowering the ratings of UK and France amid region's debt turmoil. Both countries currently are Aaa rated. Spain's rating was cut from A1 to A3, Italy's from A2 to A3 and Portugal's from Ba2 to Ba3.  European officials have

Mon, 13 Feb 2012 14:21:54 GMT

FTSE 100 index rallies on Greek vote

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