German shares dive on Spain's concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German stocks plunged on Monday as market sentiment was dampened by political instability in Spain. Spanish PM and top officials of Popular Party faced calls to resign after allegations of corruption. Meanwhile, market players remained cautious ahead of the ECB press conference due on Thursday. The DAX Index dived 1.54% and is currently trading at 7,713.08. All industries included in the index dropped. The top-losers were industrials and consumer services. Siemens and Deutsche Lufthansa slumped 2.05% and 1.86%. Financials also put pressure on the German blue chips index, with Deutsche Bank and Commerzbank declining 1.47% and 4.72%.

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