German shares steady after previous slump

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German equities are trading little changed on Monday after a slump on Friday on lack of results from the EU summit and mounting uncertainty over Spain's bailout. Pushing German shares lower, US stocks tumbled on Friday after the largest companies reported dismal quarterly results. The DAX Index gained 0.02% and is currently trading at 7,382.16. Only three in nine sectors included in the index jumped. Lenders posted the biggest gains, with Commerzbank and Deutsche Bank climbing by 3.63% and 1.70%. Health care firms and consumer services retreated. Fresenius Medical Care and Fresenius SE & Co dropped by 1.37% and 0.41% while SAP lost 0.07%.


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