German shares slid on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
German equities dropped on Friday on lack of progress in decision on Spanish bailout. Adding to the negative mood of the shares, US jobless claims soared last week. The DAX Index declined by 0.40% and is currently trading at 7,407.83. Only one in nine sectors included in the index managed to climb. Consumer goods sector added 0.60%, with Adidas inching up by 0.10%. Automobile producers also managed to post mild gains. BMW and Volkswagen rose by 2.01% and 1.11% on strong sales in China. Creating heavy pressure on German stocks, consumer services and financials tumbled 0.97% and 0.87%. Commerzbank and Deutsche Bank sank 3.25% and 2.56%.


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