German shares rebound on hopes for a better bailout plan

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Source: Dukascopy Bank SA
German equities edged higher on Wednesday, rebounding from losses throughout the last three days, as European policy makers discussed alternative options for a bailout plan after Cypriot parliament rejected the tax levy on bank deposits. The DAX Index surged as much as 0.5%, or 35.08 points, to 7,986.48 with 17 out of 30 members inching up. Five out of nine groups in the index increased. HeidelbergCement climbed 3% to pace gains in industrial shares that were 1.2% higher. The cement maker advanced to its highest share price since November 2008 to trade at 58 euros. Furthermore, Bayer AG rallied 2.7% to 80 euros, capping losses in health care sector. Bayerische Motoren Werke was also among top performers with a 1.5% to cap losses in consumer goods. Meanwhile, ThyssenKrupp fell 1.8%for the biggest slump on DAX to halt further gains in basic materials that were 1% higher.

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Wed, 20 Mar 2013 19:24:05 GMT

Malaysian inflation rises in line with forecast in February

Consumer prices in Malaysia increased matching the economists' expectations in the month of February mainly due to an advance in food and non-alcoholic prices on the month, a data released by the Department of Statistics reported on Wednesday. The inflation rate jumped from a level of 1.3% in January to 1.5% in February, while the consumer price index added 0.2%

Thu, 21 Mar 2013 07:26:09 GMT

Bovespa Index declines on iron producer's loss

The Bovespa Index was lower by 1% to 56,389.48 points by midday trading session in Sao Paulo on Tuesday. The index was led by iron-ore producer Mineracao & Meralicoss SA, which posted a bigger loss than analysts estimated in a fourth quarter. Also, the index is dragged down by a weak situation in Brazilian market, as 32 of 46 companies missed earnings

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