DAX

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
German shares fell on Thursday on concerns about the budget bill not being able to reduce fiscal deficit of the U.S. government. However, the losses were capped on better than forecast unemployment data. German unemployment advanced a seasonally adjusted 3,000 to 2.942 million instead of the expected 10,000 estimate, and the adjusted unemployment rate stayed at 6.9%. The DAX index eased 0.31% to 7,752.95. All but five groups declined in the benchmark index. K+S AG fell 3.9% after the price forecast for the company's shares was downgraded by Exane BNP Paribas. The latter decreased K+S's share-price forecast to 29.50 euros, down 5%, and kept its recommendation at under-perform. Meanwhile, Infineon Technologies shares rallied 1.59% and led gains in the technology shares that were 0.18% up. Furthermore, Deutsche Lufthansa, the provider of passenger and cargo air transportation, added 0.78%, lifting up the consumer services shares by 0.84%.


© Dukascopy Bank SA
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Fri, 04 Jan 2013 07:32:56 GMT

Oil drops a second day amid U.S. jobless claims

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Thu, 03 Jan 2013 18:11:53 GMT

FTSE 100

U.K. blue chips were little changed, as investors switched to talks on lowering the U.S. budget deficit. The FTSE 100 benchmark index reached its highest level in 17 months yesterday after U.S. lawmakers passed a budget bill avoiding automatic tax increase and spending cuts. However, U.S. budget package will not diminish the deficit to a level that would enable to

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