German shares rose in early European session amid hopes for easing from the ECB. However, the ECB decision to refrain from easing measures at the moment dragged German blue chips index sharply lower. German DAX Index has already lost 1.82% to trade at 6,638.30 at the time of writing. All industries in the index sank. Utilities and basic materials posted the largest losses. E.ON and RWE dropped 1.91% and 2.42%. Meanwhile, BASF and K+S dropped by 1.71% and 1.31%. Only two companies included in the DAX Index managed to climb. Beiersdorf and Deutsche Post gained 5.59% and 2.18%. On Thursday, Deutsche Post announced higher than estimated earnings before tax for Q2.