Wed, 25 Jan 2012 17:34:33 GMT
DAX declines despite better business confidence index
After giving up 0.3% on yesterday trade, German DAX Index maintained downward path on Wednesday, as drug producer Novartis and telecommunication giant Ericsson reported a sharp drop in profits. Better than expected Ifo business climate index also did not manage to offset losses. Main losers were Siemens AG and Deutsche Post, each giving up 4.7% and 2.4% respectively. At the