European markets climb on German business confidence data

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Source: Marketwatch
European stocks advanced on Monday driven by better than expected data on German business confidence index. Stoxx Europe 600 index surged 1%, German DAX rallied 1.2% and FTSE 100 added 0.8%. French CAC 40 index gained 0.7%. Spanish benchmark IBEX 25 index tumbled 0.7% on worries about country's fiscal outlook. 
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Tue, 27 Mar 2012 06:44:37 GMT

Gold firms after Fed hinted on easing in the US

Gold prices increased at Asian trade on Tuesday, being supported by hints that Fed is likely to provide additional stimulus to the US economy as labour market remains weak. COMEX gold futures for delivery in June traded at 1,691.45 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.

Mon, 26 Mar 2012 17:57:44 GMT

DAX 30 rallies on German business confidence

German DAX index rallied on Monday as Ifo institute reported German business confidence rose more than expected in March, reaching 8-month record high. BASF SE jumped 2% after Warburg upgraded the stock from hold to buy. On the downside Metro AG lost 2% on news Credit Suisse lowered its price target. At the moment of writing DAX index trades 1.07%

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