DAX index faces a choppy session on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank
German DAX index bucked the downward trend of other European stock indices and climbed on Monday as Greece finalized its debt swap agreement. Volkswagen AG lost 1% on news its operating profit for 2012 is likely to be flat while revenue will be erased by costs of new technology. Electric utilities company E.ON AG declined 0.8% as Deutsche Bank lowered its price target. On the upside index was supported by Daimler AG and BMW AG which each added 1.1% and 0.8% respectively. At the moment of writing DAX index trades 0.07% or 5.6 points up at 6,885.24.

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