DAX 30 pushed down by car makers

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Source: Dukascopy Bank
German DAX index fell on Tuesday pushed down by heavyweight car makers as China increased diesel prices 7% and gasoline prices 6.4%, raising worries about vehicle demand. BMW AG posted the biggest loss for DAX and tumbled 4.8%. Daimler AG dropped 4.4% and Volkswagen AG declined 4.2%. Financials added additional negative pressure with Deutsche Bank and Commerzbank giving up 1.5% and 2.6% respectively. Siemens AG fell 1% on news it will acquire a unit of Expro Holdings. At the moment of writing DAX 30 is 1.24% or 88.57 points down at 7,065.63.

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Tue, 20 Mar 2012 18:44:00 GMT

Rural commodities mixed on supply expectations

Rural commodities were mixed with advancing sugar and coffee and falling grains amid broadly lower US Dollar. Wheat and corn futures came under pressure as US planting conditions improved after rains and as Russia announced it would not impose any restriction on the grain exports this year. However, adverse crop conditions in the EU and drought in Brazil may create

Tue, 20 Mar 2012 17:49:26 GMT

Energy commodities advanced on Monday on escalated geopolitical tensions

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