SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update Analysis: 
German Inflation Rises, Stocks Drops
Author: 123jump.com Staff
123jump.com
Last Update: 8:42 AM EDT June 13 2008


(Continued)

Email article | Print article

German inflation rose above the target range of the central bank for the second time this year. The CPI in May rose to 3% from a year ago, a rise at or above the target range after rising at 3.1% in March. The inflation index in April rose at 2.4% from a year ago. The sharp rise in energy prices and food prices are stoking inflation that is likely to spill over in the wage rates. Separately Eurostat reported that employment rates across the 27 nations rose in the first quarter.

 
ThyssenKrupp led the afternoon decliners in the DAX 30 index with a fall of 3.53% to 40.23 euros followed by losses in BMW of 3.03% to 32.65 euros, in MAN AG of 2.62% to 85.61 euros, in Deutsche Borse of 1.77% to 79.26 euros and in TUI AG of 1.76% to 15.61 euros.

Precious metals on the decline

At mid-day in London, gold lost $4.60 to $864 an ounce. Silver fell 9 cents to $16.59 an ounce, platinum gained $8 to $2,031 an ounce and palladium lost $4 to $438 an ounce.


Asian markets

In Tokyo Nikkei 225 Index closed higher 85.13 or 0.61% to 13,973.73, in Hong Kong Hang Seng index decreased 431.56 or 1.87% closed to 22,592.30. In Australia ASX 200 index higher 48.90 or 0.92% to close 5,378.10. In Malaysia KL Composite index increased 3.81 or 0.31% closed to 1,229.35.

In South Korea Kospi Index increased 7.99 or 0.46% to close at 1,747.35, in Thailand SET index closed lower 8.16 or 1.03% to 782.64 and Indonesia JSE Index edged decreased 10.59 or 0.44% to 2,398.42. Sensex index in India decreased 60.58 or 0.40% to 15,189.62.
  1  2 More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved