German stocks drop on BASF SE profit report

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Stock prices in Germany declined as BASF SE, the largest chemical company in the world, reported lower-than-expected profits. The company slid 4.4%, while Commerzbank AG dropped 4.1% as a report showed that the bank lent to Detroit. The DAX Index decreased 0.7% to 8,323.07 so far today after rising 0.8% yesterday.
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