German DAX trades lower ahead of elections and US jobs data

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Source: Dukascopy Bank
German DAX index edged lower on Friday as investors awaited for US jobs data amid dropping commodity prices. Moreover European investors stayed cautious ahead of elections in Germany, Italy, France and Greece this weekend. Metro AG dropped 1.5%, as UBS lowered its target price on the stock to and maintained its sell recommendation. On the upside banks partly recovered with Deutsche Bank adding 1.6% and Commerzbank climbing 1.2%. At the moment of writing DAX index is 0.53% or 36.65 points down at 6,657.64.

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Fri, 04 May 2012 14:33:55 GMT

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