German shares little changed on US fiscal uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares are swinging between gains and losses on Thursday as market players are increasingly concerned about uncertainty surrounding US budget talks. The DAX Index is trading 0.03% higher at 7,671.58. Five out of nine industries included in the index were bullish. The top gainers were industrials and utilities. Among industrials, Deutsche Post and Volkswagen jumped 0.39% and 0.73%. Meanwhile, REW added 0.46%. On the downside was ThyssenKrupp, declining 1.24% after Deutsche Bahn filed a lawsuit against a group of steelmakers, including ThyssenKrupp. Deutsche Bahn accuses steelmakers of unreasonably inflating track prices. Technology and telecommunication equities also slumped. Infineon Technologies and SAP slid 0.94% and 0.03%. Among telecommunications, Deutsche Telekom tanked 0.35%.


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