German DAX Index declined on Friday, falling by 0.1% at the time of writing. Shares declined despite easing measures by the ECB; the bank cut its core interest rate from 1% to 0.75%. Even larger than expected increase in German industrial production failed to lift stock markets. At the moment, market players are cautious ahead of the key US data due later in the day. Negative headlines from the US may force the Fed to move towards QE3. Financial stocks tumbled by 0.47%. Deutsche Bank and Commerzbank both fell by 0.9% and 1.78%. Consumer goods sector was the worst performer, with Adidas and Metro both posting losses of 2.27% and 2.05%.