Thu, 30 Aug 2012 15:08:14 GMT
German stocks move lower after jobless data
German blue chips index sank on Thursday as German unemployment rose for the fifth consecutive month in August amid spreading Eurozone's crisis. The seasonally adjusted unemployment rate stood at 6.8% in August. However, yields on 10-year sovereign bunds approached four-year low on Thursday, indicating that German economy is still perceived as stable. The German DAX Index retreated by 0.83% to