Monday, October 17, 2011

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

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dow2664 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 weren’t 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



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