© Scanpix/AFP
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Germany's benchmark DAX 30 kept downward
trend on Friday giving up 0.7% to 5,388.77 as German Chancellor Merkel strictly
rejected issuance or common bonds as possible solution for debt crisis. Banks and
auto makers made most negative impact on the index. Commerzbank AG and Deutsche
Bank AG each dropped 1.6% and 1.3% respectively while Volkswagen AG lost 2.6%. DAX
index is following downward path since November 11.