German stocks decline ahead of key US data

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares dropped on Wednesday amid worries that US lawmakers will fail to reach a consensus on looming tax hikes and spending cuts till the end of December. Meanwhile, traders were also cautious ahead of the key US data due on Thursday. The DAX Index tanked 0.39% and is currently trading at 7,304.00. All but one sector included in the index slid. The only gainer was consumer goods sector, with Henkel advancing 0.88%. Dragging German blue chips index lower, utilities and consumer services dipped 1.08% and 0.93%. RWE and E.ON sagged 1.32% and 0.94%, while Deutsche Lufthansa slumped 0.93%.


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Thu, 29 Nov 2012 08:05:21 GMT

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Wed, 28 Nov 2012 16:57:17 GMT

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