Monday, October 17, 2011

DAX INDEX European Market News; European Stocks in the RED; COMMERZE BANK CLOSE RED; Deutsche Bank AG Closes Red NYSE

The primary index composites in the U.S. notched lower during the opening
trading session of the week as investors are feeling increasingly uncertain
about the debt resolution process ongoing in the eurozone. European finance
leaders have pledged to take action and precautions to stabilize major banks and
ensure financial stability in the area. Investors werent so sure during the
opening trading session. Trends have been positive for days now, but the
positive action ended last session. The Dow Jones ended the last session
negative by 2.1 percent. The Nasdaq closed out lower by 2 percent and the S&P
500 finished the last session lower by 1.9 percent. The negative action observed
in the U.S. spilled over from the negative European market session. The FTSE in
the UK closed red by .54 percent. The CAC in France closed red by 1.61 percent.
The DAX in Germany finished lower by 1.81 percent at 5,859.43. The majority of
the companies that make up the DAX closed last session in the red. A noteworthy
loser on the day was COMMERZBANK AG. COMMERZBANK finished the last session lower
by almost 65 percent to close out red at 1.58. DB on the NYSE finished red by
5.81 percent last session and closed at 36.02. After hours trends were in the
green prior to opening bell today. Frank Matto

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...