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Monday, February 28, 2011

Market News

Britain’s FTSE drop down to 0.3% while France’s CAC and Germany’s DAX were flat.


Shares in HSBC Holdings dropped 3.8% after the bank declared its quarterly results. Peer Deutsche Bank was down 1.7%.


Miners were trading mixed with BHP Billiton and Anglo American trading soft while Xstrata and Kazakhmys were on  high.


Pearson gained over 1% after the firm announced its earnings, with profits rising threefold.


Elsewhere, Asian markets were mostly higher as equities digested corporate news in the region as well as growth data in India along with the federal budget.
Indian mmarkets have shown a steady growth after the this years budget session though theres not much surprise for the investors but the fiscal reduction to 4.6% create buzz. expectations were upto 4.8%. Rejoice for the cars and ciggrets suppliers and buyers that theres not any extra tax added on them which some were expected and worried

7 comments:

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