German DAX down on French and Greek elections

German DAX index traded lower on Monday as investors anticipated news about French and Greek elections where voters favoured anti-austerity political forces. Losses were limited as German factory orders expanded more than expected in March. On the upside Commerzbank and BMW AG added 1.8% and 1.3% respectively. The main negative contributors were Deutsche Lufthansa and Linde AG dropping 2.7% and 2.1% respectively. At the moment of writing DAX index is 0.49% or 32.07 points down at 6,529.40.